Word: arabia
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Dates: during 1980-1989
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Israeli officials blame the U.S. for the deteriorating relationship. Washington, they argue, may think it is only advocating compromise, but in fact the U.S. is asking Israel to trade away its security. Jerusalem insists that it is the Arab nations, especially Jordan and Saudi Arabia, that are the stumbling blocks in any negotiations in the Middle East and that the U.S. should stop hectoring Israel and start pressuring the Arabs. Israeli officials also complain that Washington sometimes sends mixed signals; they contend, for example, that last year some Administration officials, notably former Secretary of State Alexander Haig, seemed to indicate...
...petroleum production was down from a peak of about 4 million bbl. per day to about 1 million bbl. per day. Iraqi oil facilities in the south are in ruins, and the country's economy is being sustained by a monthly subsidy of $1 billion provided by Saudi Arabia and the smaller gulf states...
News from the Middle East about the intentions of OPEC'S feuding members was confused and contradictory. Early in the week, Kuwait's government news agency reported that Saudi Arabia, Kuwait, Qatar and the United Arab Emirates had agreed to trim $4 off their $34-per-bbl. price unless the other members of OPEC accepted new limits on their production. Two days later, the United Arab Emirates' Oil Minister denied that the four Persian Gulf nations were threatening their OPEC allies with price cuts...
...economic affairs, especially Europe-based Americans, had to hunt down an airmailed edition of the Wall Street Journal. That course invariably left them at least a day late and, depending upon exchange rates, nearly a dollar short. Last week, however, at some 2,000 newsstands from Scandinavia to Saudi Arabia, a new daily arrived: the Wall Street Journal/Europe, which is edited in Brussels, printed in The Netherlands and delivered before noon to about a dozen countries. Said first-day Reader Paul Home, an economist for Smith Barney in Paris: "It has acres of coverage, and it is going to give...
...beleaguered country, which last year passed Saudi Arabia as the leading U.S. oil supplier, might also recoup some losses simply by pumping more oil. William M. Brown, director of energy studies for the Hudson Institute, believes that Mexico could fairly easily double its exports to 3 million bbl. per day in three years. That way, oil earnings would stay level even if the per-barrel price was cut in half. Other experts, however, believe Mexico would not have the wherewithal to make the investment required to double its output unless it could line up cash customers first. One willing buyer...