Word: toed
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Dates: during 1970-1979
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At the State Department one of the planners says the U.S. is now "shadow dancing" with the world, changing military budgets, talking tough with allies, all as part of the plan to reach into the mind of the Ayatullah Khomeini and go even farther-to the Kremlin. The experts believe...
Confusion in Caracas gives opportunities to the cartel's customers
While Venezuelan air force helicopters whirred in the sky above and 5,000 soldiers patrolled on the ground below, armed motorcades wound through the clogged streets of Caracas. It was a typical Panavision entrance for the 13 oil ministers of the Organization of Petroleum Exporting Countries. The price-fixing cartel...
The members did just that. But after the most fractious meeting in OPEC's history-it was a "bazaar" in the scoffing description of Saudi Arabia's Oil Minister, Ahmed Zaki Yamani-the cartel failed to agree on any uniform price. Instead, each country will fix the cost...
After four days of dispute, the meeting in Caracas broke up with hard-line hawks such as Iran, Libya, Nigeria and Algeria planning to charge a minimum of $28.50 per bbl. and perhaps $30 or even more, while other cartel members said that they intended to go no higher than...