Word: upping
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Dates: during 1970-1979
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Oilmen are fearful that Iran will soon go a step further and simply cut back its production by a flat 700,000 bbl. With the world market tight, any such reduction would push up prices sharply, especially for single shipment cargoes that are sold on the so-called spot market...
This process, known as petrodollar recycling, has pushed up the debts of the less developed nations to $300 billion. Many nations are so weighed down with debt that bankers are growing wary of lending them more. Yet if they cannot borrow, poor countries will have trouble importing more oil. Without...
The obvious U.S. tactic might be to embargo food exports to Iran, which amounted to nearly $500 million in the fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic...
U.S. exports of all kinds to Iran have fallen dramatically: from $3.7 billion in 1978 to under $1 billion this year. Iran gets about 25% of its food imports from the U.S., having bought 816,000 metric tons of American wheat in the past fiscal year. In September the Khomeini...
Yet, as befitted an ex-sportscaster and exactor, his delivery was as smooth and flawless as ever. Only when he told movingly of how his father had lost his job at Christmas time during the Great Depression did Reagan let his emotions show, nearly choking up. Vowed Reagan: "I cannot...