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...away their pocket calculators and journeyed in heavily guarded motorcycle caravans to dine at the air-conditioned palace of Abu Dhabi's Sheik Zayed bin Sultan al-Nahayan, the new price had been virtually accepted. "We chewed on those figures a little more," recalled Venezuela's Valentin Hernandez, "but as we reached for the chunks of lamb at Sheik Zayed's dinner, the price was already fixed." Though Sheik Yamani initially asked for a 10% limit on the price increase, he quickly capitulated to the majority view. "I was not happy with it," he noted laconically...

Author: /time Magazine | Title: Nation: Dance of the Oil Dervishes | 1/1/1979 | See Source »

Will the Kremlin leaders succeed in terrorizing dissidents into silence with show trials like Shcharansky's? The consensus among both dissidents and Sovietologists abroad appears to be that they will live to fight another day. "The publicity given the trials is very encouraging," said Computer Scientist Valentin Turchin, 47, who was a prominent human rights activist before he emigrated to New York City last year. Although the Soviet press has hardly mentioned the protests in Western Europe and the U.S., news of them was beamed to millions in the Soviet Union by Radio Liberty and other Western short-wave stations...

Author: /time Magazine | Title: SOVIET UNION: The Shcharansky Trial | 7/24/1978 | See Source »

...companies stockpiled supplies in anticipation of a big oil-price increase. The real bargaining sessions switched from the formal banquet hall to half-a-dozen or so smoke-filled suites where the various oil ministers were trying to strike deals and line up support. At 2 a.m. on Friday, Valentin Hernándes, the amiable Venezuelan oil minister, telephoned waiting reporters to inform them that OPEC had agreed to disagree...

Author: /time Magazine | Title: OIL: The OPEC Supercartel in Splitsville | 12/27/1976 | See Source »

Some OPEC members are pushing for as hefty a price increase as they can get away with. Venezuela's Minister of Mines and Hydrocarbons, Valentin Hernández, has already called for a 25% oil price boost, and Iran's Shah Mohammed Reza Pahlavi came out for at least a 15% price increase. Both countries want the additional revenues so they can press ahead with their ambitious plans for industrialization...

Author: /time Magazine | Title: OIL: How Much to Pay the OPEC Piper? | 11/8/1976 | See Source »

...decade of dissent in the Soviet Union. Since 1965 the KGB had conducted a campaign to fragment Russia's "democratic movement for human rights" by imprisoning or exiling its members. Amalrik, 38, was the last of his generation of celebrated protester-intellectuals to succumb. At Moscow airport, Physicist Valentin Turchin, a longtime Amalrik friend, explained that although a whole new group of lesser-known dissidents had sprung up to replace the old, "Andrei's departure is a pity for us; he is able to draw much attention to our movement...

Author: /time Magazine | Title: SOVIET UNION: Tactical Retreat | 7/26/1976 | See Source »

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