Word: gulf
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Dates: during 1970-1979
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...16th century when it was used by the Spaniards as a place to count their catch from the surrounding pearl-rich waters. In the 1920s, a mysterious disease killed off the oyster beds, and for decades Contadora remained just another of the obscure-if beautiful-islands that speckle the Gulf of Panama. Then, in the late 1960s, the motorboat of the wealthy Lewis conked out near the island, and he came away with blueprints dancing in his eyes. For $30,000 he bought the island, and development was under...
...exports are vital to the security of the U.S. and its allies. The rulers of Saudi Arabia, the largest oil exporter of all, are reported to be frightened; a new set of security regulations is in force throughout the country. The governments of the tiny states of the Persian Gulf are also worried, about both their Shi'ite and Palestinian populations and about the wave of Islamic fundamentalism and unrest that seems to be spreading through the Middle East. They are trying desperately to bend with the wind. Bahrain, long known for its easygoing Western ways...
...area? In an interview with TIME Editor in Chief Henry Grunwald, the director of London's International Institute for Strategic Studies (liss), Christoph Bertram, argues that once the American hostages have been released, the U.S. should ignore Iran, isolate it, and try to curtail its influence on the Gulf states. Many of America's allies agree. British diplomats, for instance, are convinced that the Iranian Ayatullah Khomeini's Islamic Republic in its present form will not outlive the aging leader. It is therefore vital, say the British, that the U.S. tread as lightly as possible in Iran...
...well to try to dilute a historic one-to-one relationship with Riyadh by bringing some of its closest allies into the partnership. Otherwise, says Bertram, "the danger is that the U.S. will be drawn into the country's potential internal conflicts, and that governments in the Gulf, in order to reduce internal tensions of their own, would try to dissociate themselves from the U.S." In his view, the establishment of permanent U.S. bases in the Gulf would be unwise because it would place additional internal political strain on the area's vulnerable regimes...
...Israelis at a price of roughly $27 per bbl. in the hope that this would encourage investment in Egypt by Jewish-American businessmen. Oil-exploration deals have been signed with a number of Western firms, and hopes are high that new strikes may be made in the Sinai, the Gulf of Suez and the Western Desert. Oilmen reckon that by 1982 Egypt may nearly double its production to 1 million bbl. a day, which would put the country almost in a class with Algeria...