Word: nigerias
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...overwhelming majority of Third World nations agreed: "No arguments can be used to justify that intervention," said Nigeria. "It is a wrong-headed and unjustified act," said Iraq. "We refuse to be a pawn in the hands of any power bloc," said Zaire...
Scoffed Amoakon Thiemele of the Ivory Coast: "Moscow had the brazenness to proclaim that it had come in at the request of the overthrown government." Lamented Nigeria's B. Akporode Clark: "No country had assisted the Third World more than the Soviet Union. Thus Nigeria has now felt a great sense of disappointment." One after the other, the delegates lashed out at Moscow. It was almost without precedent as a show of anti-Soviet sentiment among the Third World countries...
...rising use of trade sanctions around the world has demonstrated how economic warfare is now diplomacy by other means. Since 1973 oil producers have openly used their petroleum weapon to further their Middle East political objectives. Last year Nigeria introduced natural resources trade-offs by threatening to cut oil exports to the U.S. if the Carter Administration lifted the American boycott on chrome imports from racially troubled Zimbabwe Rhodesia. Both the possibility of other OPEC-type raw material cartels and Soviet economic retaliation against the U.S. have begun to worry the experts. Warns Harry J. Gray, chairman of United Technologies...
...economic upset from energy inflation, and now the malaise will worsen. According to Administration calculations, the cost of crude oil imported into the U.S., which last month averaged $25 per bbl., will rise to from $28 to $30. Several of the nation's most important OPEC suppliers, including Nigeria and Libya, are also among those that lifted their prices the most...
...Caracas gathering itself revealed a cartel in deepening disarray over how to cope with the topsy-turvy world of petroleum. The yearlong production cutbacks in Iran have tightened supplies and stirred chaos in oil markets everywhere. Cartel members such as Algeria, Libya and Nigeria have been ignoring official OPEC price lists. Iran has been dreaming up gimmicks to lift the cost of crude under contracts already signed at lower prices. The favorite tactic: requiring customers to buy at least some oil at up to $45 per bbl. Customers who balked have been threatened with loss of their long-term supply...