Word: gulf
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Dates: during 1970-1979
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Interest in Mexico's energy wealth reached fever pitch last month, when Pemex, the government monopoly, revealed the latest strike in the Chicontepec field near the Gulf Coast city of Tampico. Pemex Chief Jorge Diaz Serrano estimated that the field would double the country's potential reserves of oil and gas to more than 200 billion...
...making a deal with Mexico are excellent if both sides use some enlightened diplomacy. The U.S. needs Mexican oil and gas to ease its dependence on the unstable Middle East. Besides, it would be much easier to pay for imports from Mexico than from Araby. Unlike the Persian Gulf states, Mexico is poor and populous. It has 66 million people now and anticipates 132 million by the end of the century-and they will need tremendous quantities of what the U.S. has to sell: farm machines, computers, technology of all kinds...
...suggestion of National Security Adviser Zbigniew Brzezinski, the President invited George Ball, an Under Secretary of State in both the Kennedy and Johnson administrations, to join the National Security Council temporarily as a special consultant. His job: to prepare a long-range option paper on Iran and the Persian Gulf...
...Helms speaks so strongly about the grim outlook in Iran. Says he: "We ought to go to our NATO allies and make certain that we are all together, and then we ought to sit down with the Russians and make it plain to them that having the Persian Gulf under the control of Communists is simply not acceptable...
Over the past few months, the Chinese approached Gulf Oil and several other U.S. oil majors to discuss possible oil sales, but these firms were not very interested. All were put off by the generally low quality of Chinese crude, the high cost of Pacific shipping and the glut of Alaskan oil on the West Coast. Still, Peking wanted the hard dollars that an oil sale would bring, and the terms of the Coastal States deal were made more attractive than the previous contracts offered to the other companies. The price is believed to be far enough below OPEC levels...