Word: balies
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...while the official ceiling price for oil sold by any OPEC member was increased by $4, to $41 per bbl. The price increases will jack up the world's oil bill by an estimated $26 billion in 1981. The message from Bali was clear: oil and profit are still powerful enough forces to keep even warring nations working together...
...immediate focus is Bali, Indonesia, where the jet-about oil ministers of the 13-nation Organization of Petroleum Exporting Countries are gathering this week. The occasion will be OPEC's 59th ministerial meeting since the cartel was founded in 1960. Looming over all other discussions: whether to push up the cost of oil beyond the $30 Saudi benchmark price and the $37 per bbl. ceiling price set in June...
...years Sheik Ahmed Zaki Yamani has been Saudi Arabian Oil Minister and Mr. OPEC. Just before leaving for this week's meeting of the oil cartel in Bali, Indonesia, Yamani sat down in his Riyadh office with TIME Correspondent Bruce van Voorst to discuss the energy outlook. Some excerpts from the interview...
Unless you've been in Nepal or Bali all summer, you've probably already had this conversation. If you're anal, you've compared record collections and weeded out the doubles so no one catches you with two copies of "Mel Torme's Greatest Hits." And you've probably heard this part of the conversation...
Swaying palms, warm breezes, gentle waves-when it comes to the Melanesian archipelago of the New Hebrides, the standard tropical cliches are in order. The 72-island chain was, after all, the model for James Michener's Bali Ha'i in Tales of the South Pacific, later turned into a musical by Rodgers and Hammerstein. Now, after 74 years of joint British-French colonial rule and on the eve of independence, the archipelago and its 100,000 inhabitants are experiencing their first political upheaval...