Word: saudi
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Dates: during 1990-1999
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...particular concern is the danger that Iraqposes to Saudi Arabia, and, to a lesser extent,Turkey. Those two nations control the pipelinesthrough which Iraq exports its oil, and as ofyesterday, Iraqi troops were still massed alongthe Saudi border...
...denouncing the "naked Iraqi aggression" onSunday, Bush hinted strongly that military actionwould follow any Iraqi moves against Saudi Arabia.Yesterday, Defense Secretary Richard Cheney metwith Saudi leaders to discuss possible militaryarrangements in that country, while Secretary ofState James A. Baker III prepared to visit Turkey...
...past, Saudi Arabia had been the one to stabilize OPEC's overall production level. As the so-called swing producer, the rich Saudis would cut back their output to offset the excess pumping of other members. In 1986 the Saudis got tired of playing the sucker and flooded the market with their unrivaled stores of crude, pushing prices down in an attempt to punish the cheaters and force them to play straight. That method proved of little value in taming Kuwait and the U.A.E., which have rich petroleum reserves and tend to favor lower prices as a way of discouraging...
...from them for its war effort. But now that the cease-fire with Iran is two years old, Iraq is rebuilding its oil industry. With an output of 3.14 million bbl. a day, Iraq is tied with Iran for the rank of OPEC's second largest producer. Both trail Saudi Arabia's output of 5.42 million...
...Lloyd Bentsen (D-Texas) expressed fear that if the Iraqi takeover of Kuwait succeeds "Saudi Arabia might be next--and then Saddam Hussein would have a stranglehold on the West's oil supply...