Word: oils
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Dates: during 1970-1979
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While candidates across the South repeatedly denounced high government spending, they were less critical of campaign spending. The old Confederacy was awash with money, much of it from the candidates' own deep pockets. Thirty years ago, Clements founded an oil-drilling firm that made him one of Texas' richest men. He guaranteed loans of $4.2 million in his massive, $6.4 million campaign for Governor. Said he: "The spending was totally necessary because unlike a career politician, I had an identification problem." His elaborate phone banks reached 17,000 voters a day and seemed to bring out every Republican...
...strong China, secure form foreign attack, that can supply needed resources such as oil, is in the U.S.'s best interests." Benjamin Huberman, senior advisor for technological affairs to the assistant to the President on national security, said yesterday...
...divided as ever. The Palestine Liberation Organization's de facto foreign minister, Farouk Kaddoumi, for instance, taunted the Saudis for their continued financial backing of Egypt. Unless the Arabs took joint action, he declared, "the Israelis will not stop until they have reached Mecca and seized your oil wealth." To which the Saudi Foreign Minister, Prince Saud al Faisal, replied tartly: "Mecca has a God to protect it. As for the oil, it has men defending it." By week's end the group had voted to raise $9 billion to strengthen Arab defenses against Israel, and sent...
...ceasefire with Egypt. Henry Kissinger's 1975 Sinai agreement may well have been the most expensive pact ever negotiated. It not only pledged enormous financial and political support but also opened America's arsenal of advanced weapons to Israel and guaranteed Israel's oil supply for five years. Since Iran still supplies about 50% of Israel's oil, that U.S. guarantee would become particularly significant if the current turbulence in Iran continues...
...than with campus politics. As announced by U.S.C. President John Hubbard, responsibility for the financial support of the center was to be vested in a three-man committee comprising a Los Angeles-area businessman, a U.S.C. dean and U.S.C. Professor Willard Beling, a former employee of Aramco (Arabian American Oil Co.) and holder of the Saudi-endowed King Faisal Chair of Islamic and Arab Studies. Beling would also become the center's director, and many of the faculty were fretting over his not being subject to the university's normal committee checks and balances in making appointments...