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While that statement heartened U.S. oil drillers, along came a more dire forecast by Mani Said al-Oteiba, the Oil Minister of the United Arab Emirates. He declared OPEC--the Organization of Petroleum Exporting Countries--to be in disarray and predicted that prices could fall as low as $5 per bbl. His remarks helped send the price of West Texas Intermediate, a benchmark crude, tumbling to $9.75 per bbl. Tuesday on the New York Mercantile Exchange...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...ministers of OPEC, along with delegates from five other producing countries, met late last month in Geneva in an attempt to patch together an agreement for sopping up the glut. The nine-day marathon session degenerated into what one delegate called "a state of unprecedented disarray." Even the meeting quarters seemed a mockery of the group's onetime ability to intimidate the industrial powers. Because most of the Hotel Inter-Continental was already booked, the ministers had to cram into a tiny conference room for their meeting...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...perennial Quad complaints still apply: that brisk walk to the Yard in the morning and breathing-optional rides in the shuttle bus During the renovations, the house may be in various levels of disarray. However, the conditions in buildings like Eliot (euphemistically called a dorm with "character") make the mess worthwhile. Students also cited "Lake Barnard" during rainstorms, the inevitable "Quad Moat" after rainstorms, a current wide disparity of housing, shuttle bus speed bumps, and a less-than-stellar salad...

Author: NO WRITER ATTRIBUTED | Title: Getting to Know Your House | 4/7/1986 | See Source »

...candidate. The move was prompted by the fact that two supporters of Ultrarightist Lyndon LaRouche won the Democratic nominations for Lieutenant Governor and secretary of state. Stevenson's abdication means that Illinois Democrats will probably run this fall with a vacancy at the top of their ticket. The Democrats' disarray can only help the candidacy of incumbent Governor James Thompson, who barely edged out Stevenson in 1982. What promised to be a close race between two longtime adversaries now looks more like a fourth term for Thompson...

Author: /time Magazine | Title: Illinois: Adlai Splits the Ticket | 4/7/1986 | See Source »

...victory of the LaRouche candidates left the Democratic Party in agitated disarray and may torpedo Stevenson's chances. Though candidates for statewide offices in Illinois are chosen individually, the Governor and Lieutenant Governor must run in tandem in November. Stevenson is considering forming a third party, a complicated maneuver that would require renouncing his Democratic nomination and organizing a slate of candidates for nine offices. But many Illinois Democrats, including U.S. Senator Alan Dixon, regard that as imprudent. Dixon urged Stevenson to run as a Democrat and promise to eliminate the Lieutenant Governor's office if elected...

Author: /time Magazine | Title: Politics From the Twilight Zone | 3/31/1986 | See Source »

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