Word: avowal
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Dates: during 1970-1979
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...with the oil companies one by one. Negotiating along with Libya will be Algeria and two of the gulf states, Saudi Arabia and Iraq, which have not yet settled on a price for that part of their oil production that reaches the Mediterranean by pipeline. Some major oil companies avow that they will shut down their Libyan production rather than accede to leapfrog demands, lest this cause the painful Teheran pact to come unstuck...
...their own money in livestock, the partners simply fatten and market cattle for high-income city investors in search of a tax shelter. Western takes a 10% sales commission and a quarter of each investor's profit. Since May, the four partners have grossed $1.25 million, and avow that they have had much more fun with cows and steers than with bulls and bears. "Brokers are all being replaced by computers," says Partner Paul Ronan. "They'll end up being just clerks. Here we are pioneers...