Word: evens
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Dates: during 1970-1979
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Psychologists know that ex-hostages need that kind of reassurance, sometimes for months or even years after their release. Most hostages suffer some degree of psychological damage, a mix of helplessness, fear, rage and a sense of abandonment. During the Hanafi incident, says Siegel, "some of us felt we had left our bodies and were watching the whole scene from up near the ceiling." That kind of report raises fears for the stability of the American hostages in Iran, who have been under pressure six weeks longer than Siegel's group of captives. One sign of stress is known...
Though the U.S. Government knows little about the state of the hostages, and is saying even less, there are fears that some of the Americans may have already been broken by the experience and could denounce the U.S. at a staged spy trial. Charles Fenyvesi, one of the Hanafi hostages in 1977, writes in the New Republic that "had the siege gone on much longer, some of us would have broken down, one way or another. I shudder to think what more than 30 days of captivity might have done...
...Alice-in-Wonderland world of the oil game, some observers argued that the rises were welcome, on the theory that they might somehow manage to forestall even bigger OPEC money grabs in the days ahead. By bringing its charges up to the $24 level, where much of the rest of OPEC has been for months, Saudi Arabia is attempting to return order and stability to the cartel's chaotic price structure as well as head off demands in Caracas for much steeper hikes by such cartel radicals as Iran, Libya and Nigeria. Said Saudi Oil Minister Ahmed Zaki Yamani...
...split developed this summer, when most OPEC members boosted their prices from $14.55 per bbl. to a full $23.50, but the Saudis chose to go to only $18. Soon even the $23.50 barrier was broken as members began selling single shipments of oil on the spot market for as much as $40-$45 per bbl. Several members have by now begun selling crude under long-term contracts for about $26 to $27.50 per bbl., inviting additional leapfrogging increases. By going to Caracas with their petroleum once again priced close to cartel levels, the Saudis will be able to argue that...
...bonanza from the gap between the $18-per-bbl. price that Saudi Arabia had been charging, vs. the official cartel ceiling of $23.50. In unregulated markets outside the U.S., Aramco's proud parents have been able to sell their gasoline, heating oil and other products for high prices even though these fuels were made from the lowest-cost cartel crude. Largely as a result, third-quarter profits of Exxon, Mobil, Texaco and Socal jumped by anywhere from 73% to 211%. The revenue surge enraged the Saudis; Oil Minister Ahmed Zaki Yamani argues that Aramco's parents have been...