Word: ifs
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Dates: during 1970-1979
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If the trouble had been correctly anticipated, the U.S. might have closed its embassy. But the Administration reasoned that the risk of maintaining its embassy was worth it. The situation seemed to be in flux, and the Administration felt a U.S. presence in Tehran would act as a moderating force...
Once the Administration decided to stay in Iran, it made little sense to try moving the embassy to more defensible quarters. As Carter said last week: "An embassy is not a fortress. There are no embassies anywhere in the world that can long withstand the attack of a mob, if...
Escalating spot market prices are, if anything, a bigger threat to the world economy than is the ever present danger of a cut in supplies. With spot prices now hovering at $40 or more per bbl., nearly twice the maximum official OPEC price of $23.50 for oil sold under contracts...
In fact, an interagency White House task force last week reported that there is a "substantial risk" of a drop in OPEC output of as much as 3 million bbl., an amount just about equal to total current Iranian production. The drop would be caused by expected cutbacks early next...
If prices go as far as $35 per bbl., the impact on oil inflation and the world economy would be severe. U.S. consumer prices would continue rising at a dizzying double-digit pace, forcing the Federal Reserve to stick by its anti-inflation policy of sky-high interest rates much...