Word: crude
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Justice Department attorneys say Rich and Green created a racket in which their company earned at least $71 million by selling crude oil at several times the Government-regulated price during 1980 and '81. Then they allegedly shipped the money out of the U.S. to escape income taxes. The 1981 tax return for their U.S. subsidiary, for example, declares profits of only $2.4 million, but the Government estimates its earnings were at least $50 million more. While sifting through hundreds of thousands of Rich's business records, federal agents also uncovered evidence to accuse Rich and Green...
Rich proved himself a prodigy at buying and selling grains and metals. One of his biggest market coups came during the Arab oil embargo of 1973-74, when he used his Middle Eastern contacts to circumvent the embargo and buy crude oil from Iran and Iraq. After purchasing the crude for roughly $12 per bbl. Rich doubled the price and sold it to supply-starved U.S. oil companies. Successes like that inflated Rich's already ample ego, and in 1974 he and Co-Worker Green set up their own company...
...competitions across the country in which overzealous but ever smiling amateurs take it all off (except for a G string) in hopes of winning a crisp $1,000 bill. Marginally less revealing, but equally energetic, is Shake It Sexy, an intermittently topless American Bandstand for grownups. No matter how crude the content, the channel's packaging is often stylish, and its standard never exceeds medium-core (full frontal nudity for women only). It is suffused with blow-dried sensuality and is innocently convinced that S-E-X is the single most important thing in the universe, period...
Mexico has used its Contadora connection to put quiet pressure on the Nicaraguan regime. It was probably no coincidence that Nicaraguan Junta Coordinator Daniel Ortega Saavedra waited only two days to express support for the Contadora group's July 17 declaration. Mexico, which had been providing Nicaragua with crude oil at 100% credit, recently told Nicaragua that it will now have to start paying off its oil bill...
...evidence of only small deposits in that basin prompted a shift of attention to the shallower, calmer Celtic Sea. The discovery of a field there entails one other bit of Irish luck. The well lies not far offshore from a refinery that is currently used to process imported crude...