Word: crude
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...problem this time is the Iranian oil shutoff. At first, U.S. officials dismissed the Iranian oilfield strike as a temporary phenomenon of no great consequence. But the strike has been dragging on since late October, and for the last month virtually no crude at all has been pumped out of the ground. Last week, in fact, the U.S. faced the bizarre situation of having to rush an emergency shipment of 200,000 barrels of diesel fuel and gasoline to Iran because local refinery output is insufficient to meet domestic needs...
...event of shortages. If the flow of Iranian oil remains stopped up for very long, the industrial nations will have to begin sharing the still available supplies. If that happens, the U.S. could suffer much more than a 5% drop in its normal supply and availability of crude...
Finding a safe landing field in the U.S. on the return run is not easy either, but more and more crude landing strips have appeared in rural areas in the South. One pair of hapless smugglers this month made it all the way into the U.S. only to land in a Florida pasture being used by local politicians for a turkey shoot. The pilot was promptly arrested. But for those who make it in safely, and most do, the payoff is high. A pilot can pocket $50,000 for one trip. Ten tons of marijuana, if landed safely, immediately becomes...
Cukor stages the story well enough against lush Welsh landscapes, but there are very few openings for his usual flourishes of wit and romance. James Costigan's mechanical teleplay often italicizes plot developments; a second-half plot stratagem, in which Morgan fathers an illegitimate baby, comes across as crude turn-of-the-century melodrama. One also wonders why Costigan has not bothered to open up the play's naturally constricted action. When Morgan travels up to Oxford to take his exams, the audience expects to go with him: the Welsh boy's first encounter with upper-crust...
...militant Iranian oil workers and technicians had virtually closed down the country's production, reducing the oil flow from 6 million bbl. a day to a drip of 75,000 bbl. Last week, as if to demonstrate his absolute mastery, Khomeini ordered workers to allow enough crude production from the fields to satisfy Iran's 900,000-bbl. domestic needs-but no more. TIME Correspondent Dean Brelis visited the oilfields in the southern province of Khuzestan as militant workers returned to their jobs. His report...