One Billion Barrel Oil Reserve Aimed By 1965 Plan
The Department of Energy aims to build a strategic oil reserve of one billion barrels for emergency use by 1965. The project, prompted by past supply cutoffs and the 1970s embargo, would cover about four months of imports at full capacity. Initial targets collapsed, with current estimates around 70 to 100 million barrels, but officials remain optimistic about meeting the goal despite technical delays.
MENTIONED IN THIS ARTICLE
Washington
Department of Energy
United States
Middle East
DOE
Congress
Gulf of Mexico
Maryland Homebuyers Face Tough Market With 10% Rate Cap
Maryland residents struggle to obtain mortgages as a 10 percent cap on rates and Carter’s policy moves threaten loan availability. Officials warn without higher ceilings or policy shifts, housing demand and sales could plunge, with lenders tightening up and builders predicting a slowdown.
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Carter
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Federal Reserve Board
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Federal Funds
Lawrence BR. Rachube
Home Builders Association of Maryland
Robert Latshaw
Greater Baltimore
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Damascus Senior High School
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Sedgwick Street
Cumberland
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Lew Loving
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Corey
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