Word: oiled
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Dates: during 1990-1999
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...stands to profit most from the expansion of the Oil for Food program the U.N. put into place just before KOFI ANNAN went to Baghdad? The new plan will allow Iraq to increase its sales to roughly half the amount of oil it was pumping before the Gulf War. As it turns out, France and Russia pushed the program much harder than Iraq, which initially feared this option would reduce pressure to get sanctions lifted. But SADDAM HUSSEIN realized that the more cash he could earn to buy food to keep Iraqis from starving, the more hard currency reserves, into...
OPEC, the international oil-producing cartel, is fighting for its life amid tumbling oil prices and members' cheating on their quotas. That, says TIME business writer Bernard Baumohl, is the reason Saudi Arabia yesterday secured an agreement from Venezuela and Mexico cut oil output -- a deal quickly emulated by Kuwait, Iran and the United Arab Emirates...
Conceived during the oil crisis of the 1970s, construction of MATEP was proposed in 1977. Administration officials had hoped that, in the event of an energy crisis, a plant of Harvard's own would help the University hold down fuel costs. The plant did not become fully operational until...
...ruling reinstates the case of oil-rig worker Joseph Oncale--earlier thrown out by an appeals court--against Sundowner Offshore Services, a Houston firm that drills for oil in the Gulf of Mexico. Oncale had worked on offshore rigs before (and does today), but says he never encountered such abusive treatment as when he signed on with Sundowner in 1991. He claims, for instance, that three male co-workers held him down in a shower and shoved a bar of soap between his buttocks. One of them threatened rape, he says. He quit and later was found to have posttraumatic...
...stands to profit most from the expansion of the Oil for Food program the U.N. put into place just before Kofi Annan went to Baghdad? The new plan will allow Iraq to increase its sales to roughly half the amount of oil it was pumping before the Gulf War. As it turns out, France and Russia pushed the program much harder than Iraq, which initially feared this option would reduce pressure to get sanctions lifted. But Saddam Hussein realized that the more cash he could earn to buy food to keep Iraqis from starving, the more hard currency reserves -- into...