Word: revolutionization
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Dates: during 1970-1979
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Indeed the Administration was savoring a rare bit of encouraging news from Iran. After four months of revolution that cut its export production from 5.5 million barrels a day to zero, the country's 27,000 drillers, engineers, technicians and other oil workers began returning to their jobs. In...
Even before the Iranian revolution, the problem of oil supply and demand was a difficult one for the importing countries. There was just no way known to us to cover demand in the mid-1980s from supplies that would be physically, not to mention politically, available.
Edmund Burke cast an indignant eye across the English Channel at the French Revolution and wrote sarcastically: "Amidst assassination, massacre and confiscation, they are forming plans for the good order of future society." Burke was the prototype of skepticism about certain revolutions. Since the French Terror, history has paraded past...
The Iranian uprising has prompted among the industrial powers a complicated wariness, along with the anxiety and attentive respect due to the world's second largest exporter of crude oil. Without the wealth buried in Iran, much of the fascination would vanish. Since most of the world was unprepared...
> The revolution is far from over. Its ultimate meaning has not yet developed.