Word: oils
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Dates: during 1970-1979
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...preliminary goals of its five-year plan are not being met. In an attempt to attract foreign investment, Vietnam now permits full foreign ownership of certain kinds of firms, the first socialist nation to do so. It has also begun discussing with U.S companies the exploitation of its offshore oil. The Vietnamese need for normal diplomatic ties with the U.S. became acute when four tropical storms hit in one week, flooding the Mekong Delta rice fields. The floods destroyed as much as 80 per cent of the rice crop, and Vietnam now needs the American trade embargo lifted to gain...
...normalization should soon come. Fairy tales aside, the U.S. owes Vietnam much more than diplomatic relations. That should be the least it offers to a land it almost obliterated. And America, too, needs normalization beyond the practical, quantifiable gains of trade, new sources of oil, and regional stability. It is long past time that the U.S. learned to pursue its interests with legitimate methods. The U.S. should recognize Vietnam before thousands more "familiarize" themselves on some other continent in some other misbeggotten...
...ended the Turkish arms embargo and sold planes to Saudi Arabia and, at the same time, would have moved ahead with a modest tax cut, kept the B-l bomber, gone ahead with the neutron bomb and the M-X missile and designed an energy policy to encourage new oil exploration and alternate sources without taxing them. All he needed was four more years. It seems that the poor little country boy from Plains, Ga., has managed to get some things accomplished without previous training in Washington's "big leagues...
Meanwhile a strike by 37,000 oil refinery workers cut Iran's oil export flow by more than half. The oil workers' demands include more money and freedom for political prisoners...
...oil industry strike could create a tight crude oil situation if itlasts a week or longer. The strike will affect the United States, which buys 900,000 barrels a day from Iran, and Japan, which depends on Iranian crude for 20-per-cent of its annual need...