Word: libya
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Despite the apparent smoothness of transition, Secretary of State Alexander Haig Wednesday warned Libya and other Arab countries that the United States "would view with great concern at this juncture any efforts by external powers to manipulate the tragic events of the last 24 hours." He said America would continue to support the peace process and pledged full support for Mubarak...
...tour d'horizon, Haig is expected to recite the Administration's now familiar bill of particulars about Soviet misbehavior. High on the list are the continuing arms buildup that threatens to upset the global military balance; Soviet support for terrorism through Libya, Cuba and the Palestine Liberation Organization; the continued occupation of Afghanistan; and Soviet intervention in such Third World nations as Angola, Ethiopia, South Yemen and Cambodia...
King of Beasts Versus Libya...
...down crude prices, which have already been sagging as the economy slows and consumption diminishes. One OPEC member, Nigeria, last week sliced $4 off the price of a barrel of its high-quality oil, bringing the cost down to $36 per bbl., and inviting price cuts from competitors like Libya and Algeria...
...biggest losers from these changes in the world energy market are three of OPEC'S leading price hawks: Libya, Nigeria and Algeria. These countries have steadfastly forced customers to pay as much as $40 per bbl. Since April, output in Libya has dropped by nearly 60% to 750,000 bbl. daily. The decline has been steep as well in Nigeria and Algeria. Both nations have limited petroleum reserves but large populations and ambitious economic development programs that they hope to pay for with the income from oil exports...