Word: lowered
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Dates: during 1970-1979
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...petroleum. The yearlong production cutbacks in Iran have tightened supplies and stirred chaos in oil markets everywhere. Cartel members such as Algeria, Libya and Nigeria have been ignoring official OPEC price lists. Iran has been dreaming up gimmicks to lift the cost of crude under contracts already signed at lower prices. The favorite tactic: requiring customers to buy at least some oil at up to $45 per bbl. Customers who balked have been threatened with loss of their long-term supply contracts...
...structures. But, says Raymond, "there are just too many buildings out there," and more are abandoned by landlords every week?of- ten, the owners claim, because regulations do not allow rent hikes high enough to pay fuel bills. In International Falls, Minn., the coldest town in the Lower 48 and the spot where Sears tests its Diehard batteries, a community energy-education program is well established. "We started out in 1975," says County Agent Don Petman, "when it wasn't even popular to keep warm...
Diplomatic standings will change in the coming era, some up, some down. The Soviet Union's smooth-talking Ambassador Anatoli Dobrynin will rate lower. So will former U.N. Ambassador Andrew Young and certain diplomats from the Third World. Henry Kissinger, former everything, will step a notch up. So will Anwar Sadat's skillful Washington envoy Ashraf Ghorbal. Spies are back, and the Carter Administration will not be using the word love quite so often or in quite the same...
...actions totaling $7.2 billion in claims against 35 large oil companies for violating the complex, controversial federal price regulations. So far the DOE has won consent decree settlements amounting to $660 million from Kerr-McGee, Cities Service, Phillips, Gulf, Mobil and other companies. They agreed to settle by posting lower future price increases than the maximum allowed under Government regulations. Getty also chose this method for the remaining $50 million of the consent decree. Now the pipeline is so loaded with pending claims cases that Government lawyers are requiring the companies to stand in line to negotiate settlements...
...result of the decline in spending on expensive gifts Cambridge consumers have more money to spend on lower-priced items...