Word: embargoing
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...strange coming from the chief of one of world oil's fabled Seven Sisters-Exxon, Shell, Mobil, Texaco, British Petroleum, Standard Oil of California and Gulf.* Though the sorocracy had ruled the international oil trade since it began, the upheaval in the business that started with the Arab embargo of 1973 threatened to end this reign. Flushed with their success in quintupling the price of petroleum, the OPEC countries were about to nationalize their oilfields, which would strip the Sisters of ownership of much of their crude reserves. Some governments talked aggressively of also muscling in on the companies...
...Turkish Embargo...
...Right Thing for America" [Aug. 14]? I doubt it. It seems to me that lifting the embargo while Turkish troops are still on the island of Cyprus introduces a new and very dangerous dimension to the making of U.S. foreign policy: piracy when conducted by allies is not only excusable but also worth rewarding in U.S taxpayers' money...
...right thing for America. Imposing the arms embargo on the Turks was poor judgment. NATO must remain strong to keep the Soviets No. 2 in world power...
...fact, a happy denouement still remains to be written. For a real breakthrough in relations to take place, the U.S. must lift its trade embargo against Viet Nam and allow at least a modest level of aid to flow there. There is no great rush on the part of the U.S. Government to proceed with either aid or trade. Says one State Department official: "We need to know clearly and precisely just what the Vietnamese really want, and then take a long look at the situation...