Word: rotterdamers
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...purchased on the spot market; oil brokers predicted that prices for long-term supply contracts might soon follow. The spot market reacts quickly to international tensions because it is composed of prices set by traders who usually buy and sell small shipments of crude. Spot oil in Rotterdam rose from $31 to $33 per bbl. last week and very little of it was available. Said one trader: "Everyone believes that Brazil, France and Italy will have to go on the spot market to make up for oil missing from Iraq and Iran. Anybody who has spot oil is asking...
...trying to correct the situation, Pope Paul VI chose conservative Adrianus Simonis as bishop of Rotterdam, stirring up a furor. Even so, two years later Paul added the more hard-line Gijsen to the hierarchy. With encouragement from the Vatican, the abrasive Gijsen set about creating a church within a church. He boycotted the Dutch church's official catechetical institute and its counseling center for troubled priests and nuns. When the Dutch Council of Churches took what he considered too tolerant a line on abortion and homosexuality, he unilaterally pulled out of it, while The Netherland...
...wanting to miss any big-new-story bases, Forsyth throws in the maiden voyage of the world's biggest oil tanker, the Freya, hauling one million barrels of crude into Rotterdam. Anyone who has ever read a book or seen a movie knows as soon as you hear "maiden voyage," you better reserve a seat on the lifeboat. The ship and the Kremlin and the Ukranians and the White House all begin high-speed confrontations and near confrontations as Forsyth builds the tension. Which he does brilliantly. He spends several paragraphs in each location and uses almost cinematic cuts, back...
...Persian Gulf crude stood at $37 to $38 per bbl., vs. OPEC's official maximum of $23.50. After the seizure of the U.S. embassy in Tehran, rumors swirled that anti-American fanatics were shutting the tap on exports. Spot traders began desperately scrambling to buy spare cargoes. In Rotterdam, prices ticked up almost by the hour. In New York City, some sellers were demanding an astronomical $47 to $48 per bbl. Though heating oil is retailing in New York at about 850 per gal., spot market imports of the fuel were going for $1.10 per gal., while gasoline imports...
...they are used. Octavio Paz, who must surely rank as one of the handful of great living poets, was teaching a course in Spanish to a half dozen students. Fitzgerald, one of the few extant experts on epic poetry, taught one student Homer and Dante. Paul Rotterdam, one of the few significant contemporary painters who even dain teach, had eight students in his course: of which perhaps two were seriously considering careers as painters. These are just a few examples from my years at Harvard. They represent a shocking waste of resources...