Word: nigerias
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Dates: during 1970-1979
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Right now, the spirit in oil markets is one of manic price escalation. Producers round the world last week joined in the gargantuan increases started by the Persian Gulf nations. Nigeria and Venezuela, which supply 10% of U.S. oil imports, raised posted prices (a theoretical base figure for taxes that influences the actual selling price) to more than $14 per bbl., topping the Persian Gulf price of $11.65. Libya more than doubled its posted price to a hair-raising $18.76. Indonesia, supplier of 6% to 7% of the oil that the U.S. imports, lifted its actual selling price from...
...this Third World gloom, there is of course one standout exception: the handful of underdeveloped countries that happen to be oil producers, including Iran, Indonesia, Nigeria, Venezuela and several Arab states, have struck a bonanza. Indeed, they could now afford to help their underdeveloped brethren, by setting a lower price on oil exported to poor countries than on petroleum sold to industrialized lands. In the past, however, oil producers have turned a deaf ear to pleas that they organize such a two-price market. They have argued, probably correctly, that it would lead to a black market that would siphon...
More Crude. Borco has actually doubled its normal output of 250,000 bbl. a day, more than making up for the declines at the Trinidad and St. Croix refineries. Borco officials say that they are using more crude from Nigeria, Iran and the U.S. They adamantly deny that they are still getting ample supplies from Libya, officially a full participant in the boycott. Yet a check with brokers who manage Borco's tanker operations indicates otherwise...
Braided Initials. Some stylists specialize in bizarre-sounding cornrowing variations such as the Ashia from Kenya, the Nzinga from Nigeria, and the Umoja from Egypt. The majority, however, adhere to cornrowing basics −stick-up or tied-down short braids, or Medusa-like strands sliding down the head. Customers often make specific requests for patterns that include their own braided initials. The price rises with the complexity of styling and ranges from $3.50 to $150. Because braids can remain neat and clean for several weeks, however, cornrowing reduces annual coiffure costs for those accustomed to weekly stylings...
...belatedly getting to the impoverished northern provinces But in the refugee camps thousands of children with matchstick legs, protruding ribs and swollen stomachs continue to die of malnutrition. A new woe was added last week when swarms of locusts began eating their way through much of Chad and northern Nigeria, reducing the meager supply of food still further...