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Libyan Leapfrog. The current quarrel started last summer when the revolutionary Libyan regime of Colonel Muammar Gaddafi set out to pump better terms out of the producing companies. Libya has a strong bargaining position. Its chief port of Tripoli is located only 600 miles from Rome. Most other Middle East oil must be shipped over a long and costly route to Europe. Libya demanded a 30? increase in the posted price of its oil-the price used to calculate the tax paid by companies. That would bring it to $2.53 a barrel. Gaddafi also insisted that the traditional...

Author: /time Magazine | Title: OIL: Looking for a Fair Sheik | 2/1/1971 | See Source »

...supply Mobil tankers with "any products of Israeli origin, or seeming to have Israeli or Jewish connections." Mobil's caution stems from the fact that the boycott has been intensified of late by the fanatically anti-Israel government of Libya. Whenever a tanker enters a Libyan port, it is searched. If there is anything aboard that has been made or grown in Israel, the owner of the ship is fined or the vessel is seized. The Libyan government recently moved to new extremes, and so did Mobil. To the taboo list, the Libyan government added-and the company complied...

Author: /time Magazine | Title: Business: Seeing Stars | 2/1/1971 | See Source »

...Doctrine. The rescue operation involved 8,000 Cambodian infantry and 5,300 South Vietnamese troops, backed by artillery and no fewer than 200 tanks. One force, predominantly Cambodian, drove south from Phnom-Penh along Route 4, the key, 125-mile link with Kompong Som, Cambodia's one deepwater port and site of its only oil refinery. Another force, combining Cambodian infantry and South Vietnamese armor, pushed north from Kompong Som. The pincers closed on the rugged, heavily jungled Elephant Mountains, where 1,000 North Vietnamese regulars from the crack 101st Regiment had been blocking a 25-mile stretch...

Author: /time Magazine | Title: CAMBODIA: Pinching the Arteries | 1/25/1971 | See Source »

...Claude's elevation came at an Army Day ceremony last November. As Papa Doc sat on the palace balcony, Jean-Claude rose in his father's place and accepted the salute. The army's general staff was furious. Out went the general staff, along with the Port-au-Prince police chief. In as chief of staff came Brigadier General Claude Raymond, 40, Papa Doc's tough godson, who previously commanded the presidential guard, the military academy and the deadly Tonton Macoutes, the secret police. If Jean-Claude is to make it to the top, he will...

Author: /time Magazine | Title: HAITI: Intimations of Mortality | 1/25/1971 | See Source »

...fact that Duvalier has finally arranged for a successor after 13 years of absolute rule suggests that he may be succumbing to chronic heart disease and diabetes. There were rumors in Port-au-Prince, in fact, that his doctors had ordered him to quit as President. There was one small problem, but Haiti's obedient National Assembly last week overcame it by voting unanimously to lower the constitutional minimum age for a President from 40 to 20 and giving Papa Doc the legal power to name his successor. For good measure, the government decreed that Jean-Claude is really...

Author: /time Magazine | Title: HAITI: Intimations of Mortality | 1/25/1971 | See Source »

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