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...side were the Royal Dutch/Shell Group, Mobil and Gulf Oil. Arrayed against them was the ten-month-old civilian government of President Alhaji Shehu Shagari, which seemed to be charging that the oil companies had somehow or other tricked it out of 183 million bbl. of high-quality Nigerian crude. The government appeared to demand that the oil be either returned or paid for. The situation took on added importance because Nigeria is the U.S.'s largest supplier of crude oil (923,000 bbl. a day) after Saudi Arabia...

Author: /time Magazine | Title: Business: Sorry, No Smut | 8/25/1980 | See Source »

...Clark. "There is not much chance of loss of life unless someone stayed down on one of the beaches." For a while, a tanker grounded by the storm 12 miles off the coast looked as if it would break up and spill its cargo of 11.8 million gallons of crude oil into the high seas. But the vessel appeared to be riding out the storm. "God was good to us," said Eddie Gonzales, a deputy sheriff in Brownsville, as the storm spent itself over sparsely populated range land. "It's as simple as that...

Author: /time Magazine | Title: Nation: A Monster from the Caribbean | 8/18/1980 | See Source »

...find out why Carter accepted $220,000 from the Libyan government; what, if anything, he did in return for the money; and how he arranged a deal with an American oil company that could have -and still may-net him millions in broker's fees for delivering Libyan crude. The inquiry will also explore National Security Adviser Zbigniew Brzezinski's bizarre use of Billy as a secret intermediary to persuade Libya to pressure Iran into releasing the American hostages held in Tehran. And the hearings will dig for any evidence that Billy got improper help from the White...

Author: /time Magazine | Title: The Burden of Billy | 8/4/1980 | See Source »

...Lewis Nasife, president of Charter Crude Oil, responded to Billy's invitation and visited Carter's Buena Vista home. They talked oil-and big bucks. Charter at the time was getting about 125,000 bbl. of crude a day from Libya. Billy said he thought he could get the company up to an additional 100,000 bbl. If he did so, Carter wondered, what kind of broker's commission would Charter pay? The two men worked out a verbal agreement that was later confirmed in a short "Dear Billy" letter by Nasife. If Billy succeeded in providing...

Author: /time Magazine | Title: The Burden of Billy | 8/4/1980 | See Source »

...essays on Kipling, Jarrell echoed Mark Twain's remark that "it isn't what they don't know that hurts people, it's what they do know that isn't so." He urged readers to forget what they thought they knew of Kipling, the crude laureate of imperialism, and to replace it with a Kipling eloquently portrayed as "a great genius; and a great neurotic; and a great professional, one of the most skillful writers who have ever existed...

Author: /time Magazine | Title: Books: Avenging Angel | 8/4/1980 | See Source »

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