Word: petroleum
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Instead of building upon the sense of urgency in the nation, top Administration officials are now arguing that no new taxes or tariffs are really needed. Reason: imports have begun to slow, and consumption of gasoline, which accounts for nearly 40% of all U.S. petroleum use, is also declining as steadily rising fuel prices force more and more people to conserve. Says Energy Secretary Charles W. Duncan: "To hold down demand for oil is just about an absolute imperative. For now it is happening in a satisfactory...
Because inflation continues to weaken the dollar, members of the OPEC cartel are now actively considering pricing their petroleum not in greenbacks but in a basket of stronger currencies, including West German marks. This would cause demand for those currencies to surge and the dollar to drop. Then, of course, OPEC would argue that the U.S. must pay even more...
...correspondent talks over the sound, paraphrasing the President's words. More beer. A tank's Red Star decal grumbles past the screen in telephoto proportions, and yet another correspondent reports that an estimated 10,000 Soviet troops are gathering on the Iranian border, within striking range of potential petroleum products that fetch more than a dollar a gallon on the street...
...count for the operation was 158. Says Lemming: "The Soviet invasion of Afghanistan is a gift. The terrain would be very good, especially for armor. And there would not be any beatniks raising hell with Washington. Resupply would be difficult, but of course we could do it with the petroleum from Iran. Might as well take them over while we are at it and just say to the Russians, 'No monkey business, you understand...
...soybean market. Bunker also directs first-family control of Hunt International Resources Corp., one of the nation's largest beet-sugar processors and owner of the Shakey's pizza chain. Brother Lamar, owner of the Kansas City Chiefs, is a partner in the first family's petroleum company, Placid Oil. The second family owns Hunt...