Word: oils
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Dates: during 1970-1979
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...exiled in 1941, he found refuge in South Africa, where he died in Johannesburg at age 66. Now it is like father, like son. Doors everywhere have slammed shut. Spain and Austria do not want the Shah. West Germany and France, both of which are big buyers of Iranian oil, make clear that he would not be welcome, while Britain, where the family owns a 166-acre estate outside London, is distinctly cool to his living there. Even Switzerland, the Shah's favorite vacation retreat, where he has extensive bank accounts and major property holdings including a villa near...
...industry is barreling head on into the energy crisis that is changing American auto-buying habits. Cars and trucks use up 40%, or 7.4 million bbl. a day, of all the petroleum burned in the U.S. The oil price explosion has sent the average cost of gasoline from 350 per gal. four years ago to 700 today, and that figure is sure to rise as a result of the latest increases by Iran, Kuwait, Libya, Algeria and other OPEC members. Spot shortages of low-polluting unleaded gasoline are already occurring, and its price is expected to climb...
Unless either house of Congress moves to vote down the Adams plan by May 22-and that now seems unlikely-it will go into effect automatically this October. While Amtrak is a prune candidate for surgery, Congress in this instance may be acting overhastily. A new oil crunch is here, and Amtrak offers about the only energy-efficient alternative to cars. The Adams plan commendably seeks to save cash, but it might be better if it were part of some larger strategy to rebuild and restructure Amtrak to match the fast, comfortable and dependable services of Europe and Japan. Unfortunately...
...intended as a coming-out party for Iran's reborn oil industry. Unfortunately, when Hassan Nazih, the new director of the National Iranian Oil Co. (NIOC), pressed a button that was supposed to start crude oil flowing into the hold of a waiting supertanker, nothing happened. After 68 days of no petroleum exports at all, Iran had to wait another five minutes while technicians hurried to locate and repair an electrical malfunction in the pumping equipment. For the assembled crowd of government officials and oil workers, the delay was an embarrassment. For the oil-thirsty nations of the world...
...regime tirelessly proclaims that it will never again sell the 5.5 million bbl. per day that made prerevolutionary Iran the second largest oil producer in the 13-member OPEC cartel. On the other hand, the country's strife-battered economy desperately needs the hard foreign money that petroleum brings in. Since the Khomeini government has not yet figured out what its revenue needs will be, NIOC has been unable to gauge how much oil it will have to pump. In the uncertainty, Iranian authorities have been grabbing projected export figures out o the air, with semiofficial guesstimate ranging from...