Word: rotterdamers
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...express is a train carrying a defecting Soviet general from Milan to Rotterdam, accompanied by a crew of se cret agents who are supposed to protect him until he spills all his secrets to our side. The avalanche is but one of the many none too subtle attempts by Soviet intelligence to silence him before he gets too chatty. One keeps wondering why he was not simply bundled on a U.S.-bound plane in Italy in order to avoid all this huggermugger. There is talk about his being so important that rolling him all the way across the Continent will...
...unaccustomed reader is first put off by the loose-leaf holes along the spine of the magazine's austere brown cover; an invitation to scholars and librarians, he thinks. Vowing to persevere, he skips stories about the Rotterdam oil market and campaign-financing laws and tries one examining the computer industry's relations with the Labor Department. Uninvited daydreams about the Maryland shore intrude. He tries reading "Congress and the Dairy Industry." Muscles relax, the heartbeat slows. Then he turns to "Managing the National Grain Reserves." Zzzzzzzz...
...planners have discarded as all but unworkable various schemes to form a kind of consumers' cartel to negotiate with OPEC, or to put a ceiling on the price the seven countries would permit corporations to pay for oil on the Rotterdam "spot" market (users bid there for supplies not tied up under long-term contracts, and prices have shot as high as $40 per bbl.). French President Valery Giscard d'Estaing, speaking on behalf of the European Community, outlined a plan to freeze European oil imports at last year's level and to "dissuade companies from lending themselves to transactions...
...system of coordinated purchasing policies for the consuming countries. It would be aimed at stopping the free-for-all bidding on the Rotterdam spot oil market. The French have even proposed a system for controlling Rotterdam prices, but some experts believe the market would simply float away to the Bahamas, Singapore or somewhere else. Another difficulty is that in France and some other countries the governments have considerable control over oil purchases, while in the U.S. the oil companies still act as independent agents...
...part, the Administration will charge the others with forcing higher prices by their rush to buy Rotterdam spot oil at staggering premiums. The U.S.has joined in the competition for supplies. But West Germany and Japan are believed to be especially guilty of this practice, which they are better able to afford with their ample trade surpluses and dollar reserves. Complains one U.S. official: "They think they can buy their way out." Warns another: "The way out of this situation is not for the Western nations to bid against each other. That just helps OPEC...