Word: libya
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Dates: during 1970-1979
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...reason for the caution was that U.S. installations and personnel remain vulnerable to mob attack, as was demonstrated so visibly once again last week in Libya. Spurred on by pro-Khomeini slogans from sound trucks, 2,000 demonstrators stormed the U.S. embassy in Tripoli. While all 15 Americans escaped through a side exit, the crowd set fires that heavily damaged the embassy's first floor. The U.S. has rejected Libya's apology as inadequate, and suspended embassy operations-a step just short of breaking diplomatic relations. The State Department complained that the Libyan government had ignored repeated American...
...sort of Muslim fundamentalism evident in Iran or Muammar Gaddafi's Libya may confirm a remark by Frantz Fanon, the philosopher of Third World uprisings: the native response to imperial domination is to fall back on what is authentic, what is resistant to modernization. The mosque becomes a symbolic safe haven...
While leaders in other Muslim states (Saudi Arabia and Libya, for example) have moderated Western influences, the Shah embraced the West with (as it turned out) a heedless enthusiasm. He set up a secular state, destroying the classic and crucial unity in Islam between church and government. Under the Pahlavis, women were liberated from the traditional chador, permitted to vote and divorce their husbands. The Shah made the mistake of ignoring the mullahs (priests). The U.S., in turn, embraced him, and even had the CIA engineer a coup to restore him to power in 1953. Corruption, dislocations of life...
More and more OPEC members are discovering that they can collect just as much by cutting production. Kuwait, Iraq, the United Arab Emirates, Algeria and Libya have all announced cutback plans for 1980, and others are likely to follow. Warns Gulf Oil Corp. President James Lee: "We estimate that OPEC could cut its exports by about 8 million bbl. per day, or nearly 25%, and still maintain balanced economies for its members." Reason: as the cartel sold less oil, the price for the diminished supply would automatically surge...
...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 year by Saudi Arabia, Kuwait, Iraq, Nigeria and Libya. Thus oil prices stand to rise considerably even if Iran does not reduce its current production...