ENERGY: The Arabs' New Oil Squeeze: Dimouts, Slowdowns, Chills

Rushing to work last week, John Doe, American, swung his car onto the freeway—only to discover that the posted speed limit had been reduced from 60 m.p.h. to 50 m.p.h. When he stopped at a gas station for a refill, he learned that overnight the price had gone up 2¢ per gal. At his office he felt unusually cool because the thermostats had been pushed down a couple of degrees, to a brisk 68º. Later, when he finished work and was driving home, he noticed...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!