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Arguing that prices could be lowered by eliminating the middlemen's profits, Kennedy jetted off to Algeria, but found no crude for sale. Later he approached Saudi Arabian Oil Minister Sheik Ahmed Zaki Yamani and Venezuelan President Luis Herrera Campins. Finally the Venezuelan oil company Petroven agreed to sell him nearly 1 million bbl. at the world price of $26 million. Chase Manhattan Bank provided the necessary credit line. A Puerto Rican refinery in the middle of bankruptcy proceedings agreed to refine the oil and transport it in return for a share of the refined products. The state...

Author: /time Magazine | Title: Business: Bargain Fuel | 3/17/1980 | See Source »

...host country for the Shah since Mexico announced last month that he would not be allowed to return there. When Panama expressed interest last week in accepting the deposed monarch, Jimmy Carter dispatched White House Chief of Staff Hamilton Jordan to Panama City to talk with Strongman Omar Torrijos Herrera. The two men had developed a good rapport during the Panama Canal treaty negotiations in 1977, and after a long afternoon session with Jordan, Torrijos agreed to extend a firm invitation...

Author: /time Magazine | Title: Nation: Good Will Toward Men? | 12/24/1979 | See Source »

Easily the most lopsided match in history since Germany invaded Poland, Brown devastated UPenn, 8-0. After jumping ahead to a 3-0 lead at halftime, the Bruins turned it on at the start of the second period. Bruin senior Dora Herrera led the slaughter by registering a hat trick in less than seven minutes...

Author: By Nell Scovell, | Title: Elis, Tigers and Bruins Win In First Round of Ivy Tourney | 11/3/1979 | See Source »

...leaders of many Latin American governments. They shrieked in joy as Mexican President Jose Lopez Portillo, fresh from his summit with Jimmy Carter, praised "the disappearance of the humiliating injustice of the enclave that has long divided" Central America. Notably absent from the ceremonies was Panamanian Strongman Omar Torrijos Herrera, who had negotiated the pact with the U.S. He apparently did not wish to upstage his hand-picked successor as President, Aristides Royo...

Author: /time Magazine | Title: PANAMA: No More Tomorrows | 10/15/1979 | See Source »

...Nicaragua, the center-right Broad Opposition Front and the business-oriented Supreme Council of Private Enterprise endorsed the Sandinistas' five-member provisional government. Panama's Brigadier General Omar Torrijos Herrera welcomed three of its members to his capital with a military band, honor guard and government-arranged cheering throngs usually reserved for visiting heads of state. Following the OAS meeting, Peru broke off diplomatic relations with the Somoza regime; Brazil recalled its ambassador to Managua, announcing that relations with Nicaragua had been "suspended...

Author: /time Magazine | Title: NICARAGUA: More Blasts from the Bunker | 7/9/1979 | See Source »

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