Word: truce
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Perpetual Truce. But then Allah responded to the sheik's prayers-belatedly, but in overwhelming measure. Two vast oilfields have been tapped by British drilling teams, one at Murban in the sandy interior, the other in the shallow coastal waters of the gulf. Conservative oilmen estimate Abu Dhabi's proven oil reserves at about 3.8 billion bbl., which at present royalty rates would return some $1.4 billion over the years. Ridiculous, say other experts: on the basis of latest discoveries, reserves may be as great as 38 billion...
This has all been rather unsettling to Abu Dhabi, whose 15,000 Bedouins have got along for centuries on piracy, pearl fishing and intertribal raids. In the 19th century, the swift pirate dhows were swept from the gulf by Britain, which established "a perpetual maritime truce"hence the name Trucial States, given to Abu Dhabi and six other sheikdoms. Pearl fishing became unprofitable when the Japanese cleverly introduced cultured pearls to the world. There was nothing left to Abu Dhabi but intrigue: of the twelve predecessors of the present sheik, only three died peacefully in their palace beds. The rest...
...Uneasy Truce. As the uneasy truce ticked away, the CAB's Boyd flew to London last week for a showdown. Timed to coincide with his arrival was the White House release of President Kennedy's long-awaited new aviation policy. The policy was disappointingly vague and pedestrian in most respects, but it did make one point abundantly clear: the U.S. favors lower fares and is willing to fight I.A.T.A. to achieve them...
...side. The others suggested that if the U.S. would go along with the fare rise, they would support a full review of all fares. Boyd was not budging. At week's end, after three days of negotiations, Boyd's opponents backed down temporarily, offered to extend the truce to May 15. But nothing was solved yet. A British official told a reporter: "We will tell TWA and Pan Am in mid-May that they must charge increased fares or they will not be allowed access to airports in this country." Boyd planned to use the extra time...
...Communist Pathet Lao and Neutralist Army Chief Kong Le. Things seemed cheery enough as the opposing leaders embraced and their troops exchanged cigarettes. But. as one neutralist put it, "we exchange cigarettes during the day and bullets at night." All too true. Hardly had Souvanna departed when the truce abruptly collapsed...