Word: propped
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Dates: during 1970-1979
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OPEC adds injury to insult when hardliners like Iran and Libya keep threatening to cut back production in order to prop up prices. Remarked one middle-of-the-road delegate: "You just cannot believe how greedy these Iranians have become. They think they have invented the wheel." One of the cartel's greediest leaders, Libya's strongman, Colonel Muammar Gaddafi, touched off a mini-panic on Wall Street at week's end. An Arab magazine quoted him as threatening to halt Libyan oil exports for up to four years and appealing to other oil producers...
...answers will not be simple. Oilmen disclaim any wrongdoing and insist that the problem is mainly the result of OPEC members' decision to prop up high oil prices by reducing exports. Because oil shipments from Iran take about two months to reach the U.S. market, the loss caused by the shutdown during the revolution-about 700,000 bbl. per day-did not affect American consumers until March. The American Petroleum Institute estimates that the U.S. now is short as much as 1 million bbl. of imported oil per day. Iran resumed exports in March, but this oil will...
...production, if that is what the U.S. requests, and hard-line elements that want to hold down production and prop up prices. No oilman knows what the Saudis will...
...Western goals in southern Africa: Western powers, if they had their own choice, would like to create a neocolonial state [in Rhodesia]. So they stand behind South Africa, so South Africa can prop up Ian Smith. [The West's] entire strategy is to create a buffer out of Zimbabwe and Namibia [to protect South Africa...
There were the actors, the lighting technicians and the stagehands, but who was that strange-looking man poking around backstage at the Brooks Atkinson Theater last week? Finally, one of the prop men had to know. "Look, who are you?" he asked. "You've been hanging around here for days." "I'm the author of the play," the man answered, "and I'm the director as well. You may not have noticed." "Well," retorted the prop man, "I can't say I did." It may not have happened that way, of course, but that...