Word: shells
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Dates: during 1980-1989
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...Caspar Weinberger at his side, Reagan said he plans to deploy at least 100 MX missiles, which are capable of traveling 8,000 miles and dropping their warheads within 100 yards of a target. The first ones will be ready by 1986. But the President scuttled the much criticized "shell game" plan, first proposed by former President Jimmy Carter. Under that scheme, also known as the "race track" or "drag strip" option, 200 MXs would be shuttled periodically among 4,600 shelters in Utah and Nevada to keep the Soviets guessing. Said Reagan: "No matter how many shelters we might...
Several Harvard observers, including Hoffman and Albert Carnesale, professor of Public Policy at the Kennedy School of Government, attributed political motivations to Reagan's disavowal of the Carter administration's "shell game" concept of scattering 200 missiles in 4600 new bases in several Western states...
Reagan's move, announced last week after months of speculation and study, calls for the placement of 100 advanced MX missiles in existing silos for Titan and Minuteman rockets. The plan replaces the so-called "shell game" proposal advocated by the Carter administration, in which 200 MX missiles would be shuttled among 4600 new missile shelters...
Carter originally proposed shuttling 200 giant MX missiles among 4600 shelters burrowed into the deserts of Utah and Nevada. The rationale for this nuclear shell game went something like this: The Russians now have enough warheads to destroy our 1000 land-based Minuteman missiles in a nuclear first strike. With the MX system, the Russians would have to hit 4600 targets to ensure the destruction of all the mobile missiles. Thus, our land-based nuclear deterrant would remain intact, and everyone could rest easier...
...reserves in non-OPEC member nations, and thus get less for their petroleum and refined products when cartel prices drop on the world market. As a result, energy stocks themselves dropped. The price of a share of Getty Oil Co. slumped 6.2%, to 68¼ on Monday alone. Shell dropped 4⅜ to an end-of-week low of 41⅛. Phillips Petroleum dropped...