Word: oiled
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Dates: during 1980-1980
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...What are the prospects that OPEC will index the price of oil to protect it from Western inflation...
...Gradually they lost their role in oil exploration and production, and now they are losing it in refining and the petrochemical industry. The companies were the buffer element between the producers and the consumers until we took the pricing matter into our own hands. I don't think that you can eliminate companies all of a sudden. They'll be there, but only with their technology and as a service operation...
...returned to a ceiling of 8.5 million bbl. per day, that would immediately affect you. It would remove 2.5 million bbl. per day from the market, and the price of oil would be $60 at least. But why should we keep our production at abnormally high levels without a quid...
...During the Arab oil embargo in 1973, there was talk of U.S. military intervention in the Middle East. Does that possibility concern...
Ronald Reagan has some good energy news to greet him next month when he takes office. Americans are now using less fuel. Each American this year will use up an estimated 350 million B.T.U.s of energy (the equivalent of 60.3 bbl. of oil), as compared with 358 million in 1979. In addition, the U.S. so far this year has been importing 19.4% less foreign oil than in 1979. Domestic drilling activity is also at an alltime high, as wildcatters dig wells in the prairies of Wyoming and off the coast of Alaska...