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...manufactured goods the oil producers buy. The world recession has reduced demand for oil enough to create a sizable glut, but OPEC members are cutting production rather than making any substantial reduction in prices. "We are masters of the oil price," declared Messaoud Aït-Chaalal, chief Algerian delegate to the Paris conference...

Author: /time Magazine | Title: OIL: OPEC Meets the Customers | 4/21/1975 | See Source »

Monet wanted people to believe -and how successfully he made them believe it!-that he painted everything in the open air, in the flush and excitement of confronting his subjects. He would even speak of his two years' military service with the Algerian cavalry in 1860-61 as though they were nothing but art training: "You can't imagine how much I learned in this way, how well it trained my eye." In fact, as Art Historian Grace Seiberling points out in her excellent catalogue essay, Monet both cultivated and violated the myth of impressionism. From the garden...

Author: /time Magazine | Title: Art: Fields of Energy | 3/31/1975 | See Source »

...Church bell at the end of a lecture becomes the age-old ring of a village steeple in Italy, calling the peasants from the surrounding fields to the Sunday service. The blue cover of the exam book in front of us becomes the alluring azure of an Algerian afternoon sky. The steam from a dining hall cup of coffee becomes the aromatic wisp from a demitasse of espresso sipped in a sidewalk cafe on Paris Left Bank. As March matures into April, as the countdown progresses from seven to five to three days before we can board our planes...

Author: By Michael Massing, | Title: The Wrongs of Spring | 3/27/1975 | See Source »

...Iraq-Iran reconciliation took place two weeks ago in Algiers at the summit meeting of the Organization of Petroleum Exporting Countries. Shortly before that conference ended, Algerian President Houari Boumedienne dramatically announced that the two neighbors had agreed to settle "problems" that had made them bitter enemies for almost half a century. As the OPEC delegates cheered wildly, Shah Mohammed Reza Pahlavi and Iraqi Strongman Saddam Hussein Takriti embraced each other...

Author: /time Magazine | Title: IRAQ: Crushing the Kurds | 3/24/1975 | See Source »

Arab leaders such as King Faisal of Saudi Arabia and Algerian President Houari Boumedienne quite naturally decry the idea of U.S. interposition in the Middle East because of oil. Just as naturally, U.S. strategists charged with providing responses to any conceivable politico-military situation are weighing alternatives for intervention in the event of a strangling oil embargo. Two such experts with access to the thinking of the Joint Chiefs of Staff have pieced together a composite of these alternatives and filtered it out to other analysts. The composite represents high-level rumination rather than a final, actual blueprint...

Author: /time Magazine | Title: The World: Excursion in the Persian Gulf | 2/10/1975 | See Source »

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