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Home > Iowa Academy of Science > Journals & Newsletters > Iowa Science Teachers Journal > Volume 19 > Number 1 (1982)

 

Document Type

Article

Abstract

Since 1973 the price of imported crude oil has escalated from $3.00 a barrel (42 gallons) to an average of over $35 a barrel in 1981. Our national bill for imported oil in 1970 was $3 billion, whereas our current expenditure for imported oil exceeds $81 billion. Within this same time period U.S. crude oil imports more than doubled, while import costs increased twenty-seven fold. This astronomic increase in crude oil prices has helped to reduce the value of American dollars abroad and has served to exacerbate recession and inflation at home.

Publication Date

April 1982

Journal Title

Iowa Science Teachers Journal

Volume

19

Issue

1

First Page

22

Last Page

27

Copyright

© Copyright 1982 by the Iowa Academy of Science

Language

en

File Format

application/pdf

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