Word: desertion
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Dates: during 1970-1979
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...down in Caracas for their fourth price-raising session in a year, the cartel's biggest producer took preventive action. In a surprise announcement that whipped the money markets into a frenzy and sent gold leaping to yet another alltime high of $462 per oz., the desert kingdom of the House of Saud, long regarded as the quintessential OPEC moderate, announced one of the biggest increases in the cartel's 19-year history...
...hope that this would encourage investment in Egypt by Jewish-American businessmen. Oil-exploration deals have been signed with a number of Western firms, and hopes are high that new strikes may be made in the Sinai, the Gulf of Suez and the Western Desert. Oilmen reckon that by 1982 Egypt may nearly double its production to 1 million bbl. a day, which would put the country almost in a class with Algeria...
...Islamic world especially perilous. It is an interesting point of Muslim psychology that the Arabs who grow unimaginably rich off Western payments for oil (and squander their petrodollars on Rodeo Drive in Beverly Hills, Calif., on Rolls-Royces and golden bathroom fixtures) have still in them enough desert asceticism to be contemptuous of the West's energy addictions. So here the old relation is reversed: the West is dependent on the East, and is learning something about the frustration that dependence brings...
...days are gone when Saudi Arabia, by far the biggest producer with 30% of the cartel's output, was able to exert a moderating influence. More and more cartel members, and even factions in the royal family itself, view the desert kingdom's traditional support for the U.S., and Washington's repeated pleas for maximum OPEC output at the lowest price, as ultimately damaging to the producing states. Anti-American rioting in Iran has made involvement with the U.S. seem even more unwise. Such oil ministers as Iraq's fiery Tayeh Abdul-Karim and the Emirates...
...machine: escorting helicopter gunships, air cover from U.S.-made F-5s and advanced French Mirages flying out of Saharan air bases at Laayoun and Dakhia. Young Moroccan officers compete for assignment to Dlimi's force, and more than 60% of the soldiers are native Saharans who know the desert terrain as well as the Polisarios...