Word: crude
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Iraq is required to apply each month to the U.N. for approval of the price it charges for crude. But Iraq usually requests a number at least 50˘ per bbl. below the going price. Then Baghdad demands an illegal surcharge of, say, 30˘ per bbl. on top of the U.N.-approved price. The arrangement still gives buyers a 20˘ discount...
...spend it because it will help ensure millions of barrels of cheap Middle Eastern oil. In great contrast, the American government spends only $10 billion, or about $50 per family, on developmental aid for poor countries that aren’t lucky enough to sit on gallons of crude...
...TIME/CNN poll, 61% of Americans either oppose a war in Iraq on any terms, or would support one only if it had U.N. backing. In the Arab world, diplomats believe a U.N. mandate for military action is essential if a war is not to be seen as a crude display of American power. Keeping the issue of Iraq under the U.N. umbrella, Saudi Foreign Minister Prince Saud al-Faisal told TIME recently, "would remove the idea that there are ulterior motives for whatever actions that are being taken against Iraq, as an effort to put Iraq under the thumb...
...religious war." On one side are devout environmentalists and icky Hollywood types, as well as reputable safety experts who say SUVs can be death machines. A lefty group called the Detroit Project has produced slick ads charging that because SUVs use so much gas, and because some of the crude oil for that gas comes from the Middle East, and because some oil-rich princes have funded Islamic extremists, SUV owners are supporting terrorists. (Got it?) Some of the anti-SUV people take their mischief very seriously: on New Year's Day, three Fords were set ablaze at a dealership...
...Bang. Hidden in that radiation are patterns of warmer and cooler spots, marking places where matter was a little more or less dense than average--spots that would eventually evolve into the clusters of galaxies and empty spaces that we see today. These patterns were first detected in crude form by the Cosmic Background Explorer (COBE) satellite in 1992, but without enough detail for much to be said about them...