Word: oiling
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Dates: during 1970-1979
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...Havana was getting restive: unlike other Soviet clients it refused to break relations with Israel after the Six-Day War of 1967; it continued to trade with Franco's Spain and sharply criticized some Soviet policies in Latin America. In early 1968, Moscow retaliated by delaying some oil shipments to Cuba. By no coincidence, Castro then went on Cuban television to endorse the Soviet invasion of Czechoslovakia. Since then he has conformed Havana's foreign policy to Moscow's wishes...
...other main component of the President's energy program - the windfall profits tax on oil companies - was in similar trouble. Though the House had passed the bill, it was stalled in the Senate. It was said that Senator Russell Long, chairman of the Finance Committee, had abandoned his commitment to put a windfall tax bill on the President's desk by Oct. 1. The White House let it be known that it was willing to compromise. The $146 billion in revenues anticipated from the tax would not all have to go to mass transportation or to relief...
...sunny California, Reagan Campaign Strategist John Sears claims that the issues now lying limp on the table will take form by the first snowfall. "When the cold weather comes, the price of home heating oil is going to be a shock," he says. Sears has an ally in former Energy Secretary James Schlesinger, who suggests that $1 a gallon for heating oil will be "a political disaster" in New England. Pennsylvania, Minnesota and Kansas get mighty cold too. Schlesinger also has a hunch that our chief supplier of imported oil, Saudi Arabia, will have something to say within these months...
...state of mind of Louisiana Senator Russell Long will be critical too. The White House feels he will help it get an oil windfall profits tax by Thanksgiving. Long has muttered privately that it will not be that easy and it will not be that quick. His message will arrive with the Christmas carols...
...Sadat for concessions on bilateral issues, which the Egyptian President speedily granted, Begin appeared to ignore the importance to Sadat of broadening the peace beyond the borders of Egypt and Israel. At the Haifa press conference, the Israeli Premier proudly announced the agreements: Sadat's promise to sell oil to Israel from the Sinai fields (14 million bbl. annually, with the price to be decided later); the decision to establish joint Egyptian-Israeli army patrols in the Sinai, at least until the U.S. can put together a multinational peace-keeping force; and Israel's willingness to return...