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There are few nations in the world whose stability and friendship are as important to the West and the U.S. in particular as Saudi Arabia, the desert kingdom that harbors nearly a quarter of the world's proven oil reserves and furnishes 20% of American crude oil imports. Its importance is matched only by its strategic vulnerability, but in recent months the Saudis have been taking strong measures to reinforce themselves. Among other things, they have been rushing the new Reagan Administration-successfully, it turns out-to provide them with more sophisticated and controversial weaponry-specifically, extra equipment...

Author: /time Magazine | Title: Saudi Arabia: Shoring Up the Kingdom | 3/16/1981 | See Source »

...worms swim (yes). Sometimes a straightforward answer does not drive home the desired point, and the library prepares a more creative reply. For a story on the skyrocketing price of gold last year, for example, it calculated that a suitcase of the precious metal would buy a tanker of crude oil. "Anything we are asked we will try to answer," says Chief Librarian Ben Lightman, who has been ferreting facts at Time Inc. for 28 years. "If we are unable to locate the information ourselves, we will direct the writer or researcher to a reliable source or authority...

Author: /time Magazine | Title: A Letter From The Publisher: Mar. 9, 1981 | 3/9/1981 | See Source »

...result of these developments, a worldwide mini-glut of oil is appearing, and some petroleum prices have at long last begun to ease. On the bellwether international "spot" market, where small amounts of crude are traded at free market rates, prices have slipped from a high of more than $41 per bbl. late last year to a current level...

Author: /time Magazine | Title: Of Mini-Glut and Gluttony | 3/9/1981 | See Source »

...Actually, more crude oil is coming out of there (Iran) than either the government or the press has led us to believe. Apparently the Iraqi bombing hasn't done as much damage as previously thought...

Author: By Geoffrey T. Gibbs, | Title: The Right Chemistry | 2/27/1981 | See Source »

...travel, so in art: the painters looked to foreign sources, inside and outside France, for inspiration-Breton carvings, the crude popular woodcuts known as the images d'Epinal and, above all, the Japanese wood-block prints that had been arriving in France in a steady trickle for the quarter of a century since Perry sailed into Tokyo Bay. What these influences produced, in the work of Van Gogh, Gauguin and the various painters who were, at one moment or another during the late '80s, linked to their work (among them, Maurice Denis, Louis Anquetin, Emile Bernard, Paul Serusier...

Author: /time Magazine | Title: Art: Prophets of an Archaic Past | 2/23/1981 | See Source »

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