Word: crude
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...coming year projects a deficit of $2.4 billion. Prime Minister Amir Abass Hoveida characterizes that sum as a nachees (Persian peanut), but it will nonetheless be Iran's first deficit in a decade. Last week the government officially announced that it was trimming its price for heavy crude by 9½? per bbl., to $11.40, a gesture aimed at increasing Iran's slipping share of the market...
Bizarre Suicide. The government is trying to press Westerners to buy more Iranian oil. Last year, claiming that its profits were being squeezed, the eight-country consortium that buys most of Iran's crude reduced its purchases by 750,000 bbl. a day and turned to cheaper Iraqi, Saudi, and Kuwaiti oil. Premier Hoveida charged the companies with a breach of the 20-year contract with Iran that they signed in 1973. The Shah suggested to the British government (which owns 70% of British Petroleum, the company that leads the consortium) that Iran might not be able...
...Crude News. Like any good producer, Lear loves the controversy that has surrounded the show. Mini-campaigns have broken out across the country to get it banned or at least limited to a time when the kids are not around. But only in Richmond, Va., where Mary played at 3:30 p.m., was the reaction of worried parents enough to get the show canned. Suburban Seattle Housewife Christine Matkovick has been calling executives of companies whose products are pitched on Mary, at 5 p.m. locally, and at least half a dozen sponsors have pulled out. But with youngsters deserting...
Still, Mary Hartman's most fitting habitat does seem to be opposite the late news. Chicago Sun-Times Columnist Bob Greene thinks that time slot lets viewers avoid "the merely hesitatingly slapstick news shows and instead enjoy genuine entertainment in the classic Chicago tradition: crude, snickering, dirty and easy to follow." Greene may be right. Mary is doing fine late at night. For a show with a soap-opera format, it is quite contrary. Quite contrary...
...intervention would also give the US the power to regulate the pricing and marketing of oil to its restive allies. And while this crude threat is not to be overestimated--after all, it is not very likely that the US will threaten to turn off the taps to Japan, or even France--the point would be underlined that American leadership of the capitalist world cannot be questioned without serious hardship for the questioner. Implicit though it may remain, the message would be impossible to misread...