Word: feith
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Some Western observers, however, now wonder if Saudi Arabia is also keeping production high because it simply needs the oil income. Despite its large foreign reserves, the country is pushing development so rapidly that it is hard-pressed for cash. Writes Douglas J. Feith, general counsel of the Center for International Security in Washington: "A Saudi production cut from 10 million to 5 million bbl. a day would cut Saudi revenues in half-from the current $120 billion a year to around $60 billion. But official Saudi spending is at the rate of $96 billion a year, and thereby hangs...
Married. Sophia Christina Feith, 35, former governess of The Netherlands' royal children; and Johan Röell, 42, engineer; in the presence of Princess Juliana and Prince Bernhard; bridesmaids: Princess Beatrix, 8, Princess Irene, 7; in Hilversum, The Netherlands...