Word: algerias
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Joining the fray, Pierre Hassner, of France's National Foundation of Political Science, added, "I cannot help a feeling of déjà vu when you [Americans] talk about the dangers of leaving the region. It is what we said about Algeria and what you said about Viet Nam. You always fail to appreciate the basic problem, which is domestic change. You are in a no-win situation. It would be better to cut your losses and obtain, as you did in Cuba, a guarantee that there will be no Soviet bases there to be used against...
...have to submit stories in advance for clearance. In many repressive countries, the disruption of reporters' telephone calls and telex transmissions occurs mainly in war zones or during revolutions. Among the nations that have disrupted correspondents' communications at least occasionally in the past few years: Afghanistan, Algeria, Bangladesh, Burma, Iran, Kampuchea, Poland, the Sudan and the Soviet Union...
...eighth-floor suite of London's Hotel Inter-Continental overlooking Buckingham Palace, the Organization of Petroleum Exporting Countries last week struggled for its survival as the premier power in world oil markets. Said Algeria's Energy Minister, Belkacem Nabi: "We all recognize that this is a very important meeting, unique in the history of OPEC." A global oil glut has driven the spot price for Saudi Light crude to about $28 per bbl. That is well under OPEC's official benchmark price of $34 per bbl. but not low enough to suit refiners...
...connection between price and supply was painfully obvious to all the OPEC members. High production levels will only push prices still lower. With this in mind, Algeria and Venezuela proposed making 14 million bbl. the ceiling for OPEC producers and dropping the official price only slightly, to $32. But most members were hoping for a consensus closer to 17.5 million bbl. of production and a new benchmark price of $29. Saudi Oil Minister Sheik Ahmed Zaki Yamani, realizing that the burden of a low production quota will fall on his country, rejected the proposal by Algeria and Venezuela with...
Recent OPEC history supports Yamani. A year ago, the group agreed to a production ceiling of 18 million bbl. a day. Before long, however, Algeria, Nigeria, Libya, Venezuela and Iran were all exceeding their quotas...