Word: oiled
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Dates: during 1980-1980
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...brought on by skyrocketing interest rates; "hemorrhaging" federal deficits that would 'fan an already raging inflation; a "credit crunch" caused by excessive Government borrowing to cover the deficits, leaving little loanable money for businessmen and consumers. They also prophesied that unless the Iran-Iraq war ends speedily, world oil inventories will disappear by February or March, leading to "panic" price boosts-perhaps to as much as $50 per bbl. from $32 now-and a return of the shortages and gasoline lines...
...Oil for India, but no withdrawal from Afghanistan...
...tell if there's been any specific, identifiable effort to stop Citizens," Kennedy says. "But the relationships between the oil producers and the entire U.S. oil system does not encourage new energy systems like Citizens. It is more convenient for the oil producing countries to continue business as usual than to deal with some sort of new breed of cat. And it might be that innocent," he says. "And it might be something more...
Eventually, Kennedy says he would like to see CEC operating nationwide. However, although there has been sufficient demand for CEC oil to warrant expanding to other states, CEC has been unable to find an oil producing country willing to sell them the additional oil. And the shortages caused by the Iran-Iraq war has strained currently available supplies, making CEC--already completely dependent on Venezuela--vulnerable to interference from a major oil company...
...could get a billion dollars worth of crude oil, of course I'd set up CEC nationwide. That's where we could use the federal help," he continues. "If the federal government can send Schlesinger to Saudi Arabia to negotiate on behalf of the four American members of ARAMCO, you would think they could step in and help us increase our oil supply. But here we are providing heating oil at 40 per cent below market prices and not one person in the federal government has ever asked me about this program," he says. "We have something that can work...