Word: venezuela
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Dates: during 1970-1979
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WATER HYACINTHS. Introduced into New Orleans from Venezuela a century ago, these floating, flowering plants have spread to many Southern states. In some areas, they have clogged shallow rivers and lakes and killed fish by extracting oxygen from the water. They have even drowned a few humans who have become entangled in their island-like mats of vegetation...
...Business and Professionals, Inc. (CSA) is headed by Chuck Smith, a former Iowan who came to Harvard's Graduate School of Design a few years back, stuck around, and is now the president of Com-Plan Inc., a Central-Square based architectural firm with offices in Cambridge and Caracas, Venezuela...
Increased Dependence. In fact, the U.S. has become much more deeply hooked on imported crude, and the trend appears unlikely to be reversed. Imported oil presently supplies an astonishing 41% of U.S. needs, v. 29% before the embargo. And because Canada and Venezuela have been cutting down on oil exports, almost all of the recent increase in U.S. needs has been supplied by Arab countries; their shipments to the U.S. have doubled in the past year and now account for more than 12% of American consumption...
...agreement was a disappointment for Iran's Interior Minister Jamshid Amouzegar, who led a bloc of OPEC hardliners, including representatives from Algeria, Libya and Venezuela. They argued for a price boost of 10% to 15% on grounds that inflation in the industrial nations has eaten into OPEC'S buying power. Iran, which has huge development bills to pay, has been badly hurt by the recession-induced drop in world petroleum demand and the consequent fall-off in oil revenues...
...long-term outlook on prices is grim, largely because of the increasing dependence of the industrialized Western nations on OPEC oil. In 1973, for example, about 38% of the U.S. oil demand was being met by crude imported from foreign countries, most of it coming from Canada and Venezuela. This year, however, the U.S. will be forced to import 40% or more of its oil, most of it from OPEC member countries. By next year the economies of the U.S. and Europe should be getting into full stride, and oil demand cannot help but go up. Then, many experts think...