Word: arabian
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...begin sitting in on OPEC meetings soon as observers. Mexican President Luis Echeverria Alvarez told President Ford last month that Mexico would export its oil at world prices, diluting hopes that it might undercut those vastly inflated quotes. These just might begin coming down soon anyway. A Saudi Arabian official last week reportedly told delegates to the Arab summit at Rabat that his nation would shortly make a unilateral price cut of less than 10%; officially, the Saudis denied the report. In any case, the U.S. is pleased to welcome Mexico to the ranks of oil exporters. Though Mexico will...
...Qabus in Oman, could block the strait by sinking a supertanker. The Shah's response has been a pride of military powers so vast that he not only can neutralize the guerrillas but also dominate the gulf. Says one U.S. diplomat: "The Arabs like to call it the Arabian Gulf. But it really is the Persian Gulf. It's the Shah's lake...
...rich Arabs may be buying banks in New York and London, but an attempt to break the bank at Monte Carlo last week was somewhat less successful. When three Saudi Arabian princes, including Minister of the Interior Fahd ibn Abdul Aziz, dropped more than $6 million on the roulette wheel at the Monte Carlo Casino, even jaded Monegasques were aghast...
Where else, again, would a president, without his being in the least deterred from his policy of invasion and mass bombing in Southeast Asia, yet feel so distressed at the misunderstanding of him by young protestors that, like some Arabian nights caliph wandering at night through the streets of his own capital, and mingling with the common people, he would get up hours before dawn, leave the White House, and talk to some of the student demonstrators...
India's explosion has already triggered a disturbing reaction among its neighbors in the traditionally tense Persian Gulf-Arabian Sea area. Pakistani Prime Minister Zulfikar AH Bhutto warned that his country, which has fought four wars with India since 1947, "will never surrender to any nuclear blackmail by India. The people of Pakistan are ready to offer any sacrifices and even eat grass to ensure nuclear parity with India." Iran's Shah Mohammed Reza Pahlavi, who has been spending billions of dollars in recent years on conventional armaments, warned darkly: "If small nations arm themselves with nuclear weapons...