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...Caracas, Valentin Hernandez, Minister of Energy and Mines, summoned apprehensive oil company executives to his office and bluntly told them that Venezuela intended to lift prices an average 14% on all its oil exports. Later, the government announced that it would increase only the cost of heavy fuel oil, which accounts for much of the country's exports. Oilmen now expect that the broader crude oil increases will be formally posted later this month when existing three-month contracts are about to expire. For the U.S., which relies heavily on Venezuelan imports, the increases already announced could add from...

Author: /time Magazine | Title: Energy: The Oil Squeeze of '79 | 3/12/1979 | See Source »

...away their pocket calculators and journeyed in heavily guarded motorcycle caravans to dine at the air-conditioned palace of Abu Dhabi's Sheik Zayed bin Sultan al-Nahayan, the new price had been virtually accepted. "We chewed on those figures a little more," recalled Venezuela's Valentin Hernandez, "but as we reached for the chunks of lamb at Sheik Zayed's dinner, the price was already fixed." Though Sheik Yamani initially asked for a 10% limit on the price increase, he quickly capitulated to the majority view. "I was not happy with it," he noted laconically...

Author: /time Magazine | Title: Nation: Dance of the Oil Dervishes | 1/1/1979 | See Source »

That is where many Hispanic leaders want to concentrate their efforts. Says Richard Hernandez, 31, one of Carter's White House counsellors: "You can't work outside or around the power system. You've got to get inside. And where it counts is with votes...

Author: /time Magazine | Title: It's Your Turn in the Sun | 10/16/1978 | See Source »

ANSWERS: 1] Seattle--Gus Gill and Ray Oyler, Kansas City--Jerry Adair and Jackie Hernandez, Montreal--Gary Sutherland and Maury Wills, San Diego--Dave Campbell and Enzo Hernandez. 2] Aurelio Rodrieguez. 3] Roy Foster. 4] "In The Year 2525." 5] Will McEnaney [1975, '76], Ralph Terry [1960, '62], Bob Gibson [1964, '67]. 6]1954 Yankees, 1961 Tigers. 7] Hobie Landrith. 8] Don Shaw. 9] Carl Taylor. 10] Bruce Kison. 11] Jay Mazzone. 12] Ross Moschitto. 13] Broken bat groundout to shortstop. 14] Jake Gibbs [Q.B. at Mississippi, 1963]. 15] Minnie Rojas. 16] Mike McCormack. 17] Norm Zauchin [1958]. 18] Cesar...

Author: NO WRITER ATTRIBUTED | Title: Reading Period Baseball Quiz | 5/17/1978 | See Source »

...blackball' election," Hernandez said. "All you have to do is say you don't like the person, though it's gentlemanly to give a reason...

Author: By Miriam A. Pawel and Jeffrey W. Rubin, S | Title: Finals Clubs Look Over Candidates | 10/8/1977 | See Source »

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