Word: crude
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...radical groups are so small that it would be a grave mistake to take them too seriously. Some of them are hardly more than a dozen or two people with a catchy name and a talent for publicity. Their methods are crude. They are the sort of people that Karl Marx would have contemptuously dismissed as senseless anarchists. Many California radicals follow the teachings of Mao, Che Guevara, French Revolutionary Regis Debray and Carlos Marighella, the Brazilian terrorist tactician. Marighella advocates violence as a way to encourage government authorities to overreact. He theorizes that a government will inevitably impose harshly...
...Tanura. In the U.S., which imports about a third of its oil, the increase when averaged in with prices of domestic oil will add less than 10 per gal. to the price of gasoline, heating oil and other products. Most other nations import a greater percentage of their crude and will feel the increase more, especially those in the underdeveloped Third World that are already struggling with massive deficits caused by ballooning oil prices (up 400% in less than two years...
Buried Treasure. But the oil exploiters are pressing ahead anyway, perhaps with less euphoria than in earlier years but with more experience, maturity and confidence. Though only a trickle of oil is being pumped now, oilmen expect crude to flow in ever increasing quantities from an undersea supply estimated at 40 billion bbl., two to four times the recoverable reserves from Alaska's North Slope. Some experts say the total could be 70 billion bbl.-roughly equal to the so-far proven reserves of Kuwait-or even 150 billion...
...began flowing to Britain in June, arriving by tanker from the Argyll field. Energy Secretary Anthony Wedgwood Benn, raising a flask of crude on high, called the event cause for "a day of national celebration." Next month oil should begin moving from Britain's promising Forties field through a 120-mile pipeline to Cruden Bay on Scotland's east coast. Some time during the next few weeks, crude will begin arriving at Teesside, England, through a 220-mile pipeline from the Ekofisk field in Norway's sector of the North Sea. The oil belongs to Norway...
Costly Dip. With so much riding on North Sea oil, each government is moving to make sure it gets its share of the riches. Britain has been plagued as much as any other European nation by the quintupled price of Middle Eastern crude, on which it is so dependent. Yet, ironically, it now has a stake in high world oil prices. Britain's North Sea oil is about 15 times more expensive to develop than Middle Eastern crude, so even a dip of a dollar or two in the world oil price, to $11 or $12 per bbl., could...