Word: going
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Dates: during 1970-1979
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...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...
...failed to complete their plan to buy out 100% of the company's production facilities? The government announced the nationalization plan five years ago. So far, it has acquired only 60% of Aramco's $2 billion in refineries, pipelines and ports. Has Aramco persuaded the Saudis to go slow, since a full buyout would burden the four corporate shareholders with enormous U.S. capital gains taxes? Nonsense, say Saudi officials. They insist that the final take-over is imminent and would have no effect on the company's operations beause Aramco would continue to run them...
...morale is high. Even though time clocks and foremen's whistles have been thrown out, Company Chief Broadwater believes workers are putting in longer hours. "We're not martyrs, we just want to see this place go," says Union Leader Ciarniello, who attends board meetings. "I'd make a deal with the devil to keep this place open...
Some French fashion chiefs are indignant. Robert Ricci complains that the assertive American-type perfumes should "only appeal to jet-setters who want to shock." Lanvin's marketing director, Jean-Louis Delpuech, scoffs that U.S. perfume makers have tended "to go 'down market' to a type of woman who demands more smell for her money." But others are more philosophical about the demand for perfumes with staying power. Robert Young, president of Yves Saint Laurent perfumes, traces the taste for strong fragrances to the same craving for identity that makes people want designer names on their clothes...
...Israel plan to open embassies in Jerusalem and Cairo. Still, some top Egyptians believe that the boycott will not last long, and may be softening already. In November, says one Sadat aide, the Saudis began sending "signals" that they would not undermine Egypt or the peace treaty; they would go on shipping oil through the canal and the Suez-Mediterranean pipeline, and the $2 billion that they and Kuwait have in the Central Bank of Egypt would not be pulled out. The reason, says the aide: "The Saudis shudder at what is happening in Iran. They are beginning to understand...