Word: exportation
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Dates: during 1970-1979
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...trade in weapons. For that reason, government officials and private businessmen who negotiate sales of guns, jets, tanks, warships and other instruments of war are notoriously secretive about their dealings. One secret, however, can no longer be kept: largely because of hot buying by Middle East oil countries, the export of arms, long a global growth industry, is accelerating to near supersonic speed...
...said to be back in the arms business. Despite government denials, reports persist that Bonn is negotiating to build a tank-parts factory in Teheran. Private German armsmakers report soaring sales to the Middle East and tacit government encouragement of any deal likely to win favor with the oil exporters. Says a veteran weapons dealer in Bonn: "If you know the secret word, you can get an arms export license to any Arab country in eight days. The secret word...
Nimble Shifts. Certainly the U.S. might be expected to bear a disproportionate share of the shortages caused by Arab oil-production cutbacks: the Arab oil states, which once supplied a pivotal 11% of the petroleum burned in America, have placed the U.S. under a total export embargo. Yet The Netherlands is under a similar embargo, and oil companies have switched shipments around nimbly enough to keep that country well supplied. For example, Saudi Arabian oil that usually goes to Dutch refineries has been redirected to Le Havre in France, and non-Arab Iranian oil that normally was shipped to France...
...Chief William Simon and other U.S. officials. Canada is the only Western nation that pumps more oil than it consumes, but the Canadians told their American counterparts that Canada will soon be burning all the oil that it can produce. In the meantime, there is little chance that the export tax will be significantly reduced...
...Moscow was opposed to the use of subversion as a political tool. "Revolution feeds not on somebody's subversion or propaganda," he declared, "but on realities, on the unbearable conditions in which people have to live. The Soviet Union has always considered to be criminal any attempt to export counterrevolution. But neither are Communists supporters of the export of revolution...