Word: oiling
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Dates: during 1980-1989
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...billion, four-year aid program was successful even though it provided only a fraction of the necessary capital because all it had to do was "clear bottlenecks and let society recover," Maier told the crowd of about 50 people. He added that American money acted "like oil in a machine. It helped to alleviate the constraints [on economic growth...
Edward B. Rasmuson '62, chairman of the National Bank of Alaska, criticized liberals and environmentalists for attempting to limit the oil industry in his native state of Alaska...
Reagan's blunt words came at the end of a week of intense debate about the Administration's plan to provide naval protection to Kuwaiti oil tankers traveling through the gulf. The proposal calls for eleven Kuwaiti vessels to be registered under the U.S. flag and manned by American captains. The Kuwaiti tankers will also receive U.S. naval escorts. The reflagging was initially scheduled to begin this week. But the Administration, caught between lawmakers demanding a greater say in the decision and military strategists trying to define how the Navy should react in case of attack, decided to delay implementation...
Reagan defended his Kuwaiti escort service as the best way to protect oil shipments to the West. Citing the gas lines facing motorists in the late- 1970s, he vowed that "our national economy will never again be held captive." But the Administration has other motives. By assisting Iraq's ally, the U.S. hopes to counter the growing Soviet presence in the gulf. The Administration offered to reflag the vessels only after the Soviet Union aided the Kuwaitis by leasing them three tankers last March. While the Administration insists it is still neutral in the 6 1/2-year war between Iran...
...will be devoted to economic issues. The leaders will blanket as many pressing issues as possible. First among them will be Soviet Leader Mikhail Gorbachev's challenging proposal to remove short- and intermediate-range nuclear weapons from Europe. Other conversations will probably focus on the defense of Persian Gulf oil traffic following the attack on the U.S. frigate Stark, the international war against drugs, the fight against the AIDS virus, and terrorism...