Word: arabia
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Dates: during 1980-1989
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...week's end to Jerusalem for a three-day visit that was to include a dinner given by Israel's Foreign Minister Yitzhak Shamir and a session with Prime Minister Menachem Begin. Next on the former Secretary of State's schedule were stopovers in Saudi Arabia, Oman and Morocco...
They call the raging Iran-Iraq war the most likely such spark, but cite others-including domestic revolt in Saudi Arabia, or the use of the Arab oil weapon again in another war with Isreal-that could slash U.S. energy supplies drastically, creating longer gas lines and higher prices than ever. Such gloomy scenarios may sound improbable, but don't dismiss them: the authors accurately forecast the Iran-Iraq conflict as likely weeks before it began...
...expert, sees no significant increases in world oil prices during 1981 beyond those following the OPEC meeting in Bali two weeks ago. Though the Persian Gulf war knocked out 2.9 million bbl. per day from Iran and Iraq, according to Chevalier's figures, other OPEC members, including Saudi Arabia, Kuwait and the United Arab Emirates, increased output to ease the shortfall. Oil importers are also being helped by increased production in Mexico, the North Sea and other non-OPEC areas. Moreover, conservation and slow growth reduced oil demand by about 2 million bbl. per day over the past year...
...York. Koch was in Israel and in Egypt on an unofficial nine-day tour to see the ancient sights and create a few new ones. Outside the Great Pyramid of Cheops in Giza, he gamely wrapped himself in Arab robes and called for "the toughest camel." Cracked Edward of Arabia as he mounted the snorting beast: "I want to look like Henry Kissinger looked." But the majestic surroundings also left Hizzoner humbled: "Will the ruins of New York City have the same grandeur 1,000 years from now?" Even the Big Apple's chief polisher had to admit...
...relatively easy oil will not last indefinitely. Two weeks ago, an Iranian air attack against installations near Kirkuk knocked a key pumping and distribution center As a result, oil has stopped flowing through two of Iraq's four pipelines, reducing exports by almost 1 million bbl. a Saudi Arabia is also threatening to its production and send oil prices $50 per bbl. Oil Minister Yamani is demanding that world energy companies carrying heavy stocks start them down faster and that West nations stop squirreling more oil away strategic reserves. Indeed, the Saudis prod Western countries to remind them that...