Word: oiling
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Dates: during 1980-1989
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...with its many Dominican immigrants, is raffish and polyglot. One store, the House of Talisman, is downright polytheistic. In the window of this religious-goods mart, wooden Indians rub elbows with statues of the Madonna and an ebony St. Martin of Tours; inside, Holy Seven Spiritual Good Luck Bath Oil and the ever reliable Gamblers Drops are for sale. Next door is a nice place for early dinner: Copeland's, which speaks in tasteful tones (carnations on each table, a harpist on weekends) and cooks in Southern and Cajun accents. "Chitterlings and champagne, m'sieur...
Onoar says the importance of oil in the world economy now gives Middle Eastern countries massive political influence...
...worse comes to worse, "We will keep oil for domestic utilities" in Saudi Arabia, he says. Since fusion technology would probably be incredibly inexpensive, it would benefit underdeveloped countries who now cannot afford enough oil, the embassy representative adds...
Onoar cited a Bahrain government report that predicted that by 1992, 90 percent of the oil in the world will be produced by the Organization of Petroleum Exporting Countries (OPEC). At the same time, the United States will be importing 60 percent of the oil it uses, he says...
OPEC "can hold the globe to energy ransom," Onoar says. The problem will be aggravated within the next decade, he says, because the U.S. may run out of domestically produced crude oil...