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Mexico, Britain, Ecuador, Malaysia. The list of oil-exporting nations that have cut their prices keeps growing longer. After years of feasting on high prices brought on by petroleum scarcity and soaring demand, the oil-producing states are discovering that the price of crude can go down as well as up. Drooping demand and a steadily swelling surplus production of some 2 million bbl. per day have created a miniglut that grows bigger by the week...

Author: /time Magazine | Title: Problems for Oil Producers | 6/22/1981 | See Source »

DIED. Jaime RoldÓs Aguilera, 40, President of Ecuador and youngest elected head of state in South America; in a plane crash that also killed his wife Marta, 39, Defense Minister Marco Subia Martinez, 51, and six others; in the Andes Mountains. A Guayaquil lawyer, Roldos entered the 1978 presidential race as a stand-in populist candidate for his politically prominent uncle-by-marriage (who was ruled ineligible to run) and went on to win a runoff the following year by the largest margin in his nation's history, ending nine years of dictatorship...

Author: /time Magazine | Title: Milestones: Jun. 8, 1981 | 6/8/1981 | See Source »

...from Nigeria by 60,000 bbl. a day, and industry experts say that Ashland Oil has indefinitely suspended purchases of some 90,000 bbl. a day of crude from Mexico, along with another 17,000 bbl. daily from the African country of Cameroon. In the past two weeks, Mexico, Ecuador and Egypt have cut their crude-oil prices between...

Author: /time Magazine | Title: Big Oil's Surprising Problems | 4/27/1981 | See Source »

...French press correspondent in Quito. Ecuador yesterday confirmed reports that the El Salvadoran military killed 1500 El Salvadoran for trying to flee into Honduras at the border town of Morazon. The correspondent cited a Latin American human rights group as his source...

Author: By Judith E. Matloff, | Title: Source Confirms Massacre Report In El Salvador | 4/11/1981 | See Source »

Chapin--who left Harvard with a magna cum laude degree in history and with Phi Beta Kappa honors--said he became interested in Latin American affairs and fluent in Spanish as a child, while living in Ecuador with his father, also a career foreign service officer...

Author: By Siddhartha Mazumdar, | Title: Harvard Alumnus Appointed to Fill El Salvador Post | 2/5/1981 | See Source »

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