Word: crimp
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Morris Udall, whose candidacy may not survive another disappointment, was most severely handicapped by the money crimp. "Pennsylvania," he complained, "may turn out to be a busted play for me because of it." Last week he had to give up his chartered plane and his hopes of coming from behind with a TV blitz, but he did not surrender his candor. For the first time he acknowledged that the ubiquitous noncandidate, Hubert Humphrey, "has a real chance...
ALGERIA: The crimp in oil revenues is expected to force Algeria to borrow up to $1 billion abroad this year. Even so, its industrialization program is falling well behind schedule...
Even if Timilty is not victorious in the mayoral race, he may put a crimp in White's plans for 1975. A landslide victory by the mayor in a city torn by racial strife would considerably improve his chances of realizing his national political aspirations. Kevin White, a near vice-presidential nominee in 1972, recognizes the value of such a victory; but a determined Joe Timilty may keep it beyond his grasp...
Unexpected Crimp. Most significant, the two biggest producers have brought down their totals from late last year. Production has dropped in Saudi Arabia by 1 million bbl., to a total of 7.5 million bbl. In Iran, output has declined from 6.1 million bbl. to between 5.3 million and 5.6 million bbl. Last week Venezuela, which had already reduced output from 3 million bbl., to 2.6 million bbl., announced that it was trimming another 200,000 bbl. Pumping in Libya has been cut in half from last year's average, to 1 million bbl. a day. In January, Abu Dhabi...
Shrinking demand is putting an unexpected, if bearable crimp in the oil revenues on which many of the more populous states depend for their ambitious and costly development programs. Iran, for instance, stands to collect $1.7 billion less in revenues this year than the $20.9 billion it received in 1974, unless present pumping levels are increased. Venezuela estimates that its oil income will be down $1.5 billion, from $9.3 billion last year...