Word: oils
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Dates: during 1970-1979
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...Israeli forces have moved behind the El Arish-Ras Muhammad line, both countries will exchange ambassadors and establish normal diplomatic relations. Egypt will end its economic boycott of Israel and grant Israeli ships and cargoes the right of passage through the Suez Canal. Israel will be permitted to buy oil from the Sinai fields that will be returned to Egypt. If Israel runs short of oil during the next 15 years, the U.S. has promised to make up the difference. Egypt and Israel will open their borders to each other's citizens and will eventually sign agreements on other...
...Egypt attacks across the Suez Canal on Yom Kippur while Syrian troops attack the Golan Heights. Israel's counterattacks reach to within 20 miles of Damascus and across the Suez into Egypt. Heavy losses on both sides. The oil-producing states announce a cutoff of exports to nations supporting Israel, and oil prices soon quadruple. Secretary of State Henry Kissinger finally negotiates a cease-fire...
...isolating itself in an increasingly hostile world. It had no other powerful friend besides the U.S., Carter noted with unusual fervor. Sadat had made a startling gesture for peace and Israel still quibbled. The Arabs were growing more hostile, richer, and they have enormous manpower. Western Europe, thirsting for oil, was irritated, and some of its leaders, like France's Giscard, were downright contemptuous of Israeli behavior. Nobody, continued the President, knew what would happen to American sentiments if another oil crisis developed...
...invitation to talk to 50 high school journalism students. Samples of their Q. and A.: How did he like Cajun food? Great, especially gumbo and rice. How were morals among young South Koreans? High, since girls were not allowed to date until 21. Pouring on the same snake oil that (along with money) captivated a score or more of U.S. Congressmen, Park saluted the entire class as embryo Cronkites and Walterses and returned to serious business...
Continuing a rash of price-gouging moves by many oil nations, Nigeria, the fourth largest producer in the 13-nation OPEC cartel, indicated that it was planning to tack on an export surcharge of perhaps as much as 17%. That advance will add further pressure for a fresh round of inflationary increases early next week, when OPEC ministers plan to meet in Geneva. Indeed, by an ironic White House oversight, Carter is expected the same day to play host to the signing of the Egyptian-Israeli peace accords in Washington. Arab hardliners, such as Iraq, Algeria and Libya, could well...