Word: oil-rich
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...mention contribute more to their welfare, than pumping yet more arms around the globe. Maybe even that will not be credible as long as we continue to support the South Africans and keep blacks and Hispanics in a state of second-class citizenship at home. If the oil-rich shieks and the Chinese are so afraid of Russia, let them arm and train the Afghan rebels. Let them get friendly with the Baluchis before the Soviets...
...Muslim tradition provides the language and symbolism to express a wide social message: it is not necessarily a religious phenomenon. It is not antiChristian. In fact, Muslims really regard modern Westerners as a species of pagan. Ironically, some of the resentment has been aroused by the emergence of oil-rich classes within the Islamic countries themselves. With that wealth came a widening gap between rich and poor, a dangerous ambivalence of rising expectations and an anxiety that old ways might be endangered. The resentment of modernization is not anything so simply and piously self-abnegating as a wish to avoid...
...fact, locating oil to stake out for national security reasons would not be difficult. The government already owns much of the oil-rich land in the United States, as well as offshore sites. This property should be heralded as a public legacy--more patriotic grounds for a federal company. The people should oversee and benefit from their legacy rather than continuing today's practice of leasing it away at favorable terms to the private oil bureaucracies. The federal government owns at least half of domestic natural resources, and the same figure probably holds for oil. Ralph Nader likes to tell...
...there are still customers aplenty for the expensive, high-precision toys known in the automotive trade as exotic cars. Most of the buyers are men in their early 40s who are lured by names like Aston Martin, Maserati, Ferrari and Lamborghini that whisper freedom and promise sybaritic luxury. Oil-rich Arabs are big buyers: a member of the Saudi Arabian royal family this year paid $114,000 for two Lamborghini Countach-Ss lovingly built in Bologna. Sheiks and wealthy Japanese are queuing up to buy Aston Martin's wedge-shaped, futuristic, four-door Lagonda, currently $87,000 and sold...
Much of the buying was coming from oil-rich Arabs, who were trading incognito through German and Swiss banks and brokers. Like goldbugs everywhere, the Middle Eastern investors were anxious over political uncertainties, global inflation and the fluctuating fortunes of the dollar, though it had dropped only slightly by week's end. European investors as well were eagerly acquiring gold because energy-induced inflation has been weakening the value of even their own "hard" currencies. A binge of panic buying by Southeast Asian investors, worried about reports of heightened tensions between China and Viet Nam, further pushed up demand...