Word: petroleum
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...reversed an initial Iranian advantage and now leads Iran by more than 6 to 1 in jet fighters, by nearly 5 to 1 in tanks and by almost 4 to 1 in heavy guns. By relentlessly attacking oil tankers in the gulf, Iraq has sharply reduced Iran's petroleum exports, though it has not yet crippled them. Another Iraqi advantage is that its morale these days is at a wartime high. Boasts Major General Maher Abed al Rashid of the Iraqi Third Army: "Let Iran attack with 200,000 or half a million. None will return alive...
...markdown mania took off as suddenly as a price war on computers or toasters. But the merchandise that went on sale was crude oil. Early last week Norway's state oil company triggered a chain reaction among petroleum exporters by offering its $30-per-bbl. North Sea crude for $28.50. Two days later Britain, a much larger producer, followed suit with a $1.35 cut on its Brent crude, to $28.65. For oil exporters the events were ominously familiar. When Norway and Britain officially discounted their oil in February 1983, the move forced the Organization of Petroleum Exporting Countries...
President of the Belco Petroleum Corporation, Belfer says he is aware of the "awesome power of the government and the budget issues facing it"--and hence of the need for well educated government officials...
Footing more than half of the bill for the Center are three major donors: principal donor Robert A. Belfer, president of the Belco Petroleum Corporation, Washington attorney Frank A. Weil '53; and the Kresge Foundation...
...Being in the petroleum industry and being subjected to a lot of regulations, taxation's, and oil prices, [I feel that] to a large extent what happened in Washington had a greater impact on the success or failure of my company than anything I might do on the management side," Belfer says...