Word: venezuela
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Dates: during 1970-1979
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...shortages is prompting stockpiling and sending prices higher. The turmoil in Iran continues to give rise to worries of new production cuts by one of OPEC's most important oil suppliers, and the cartel itself now seems certain to announce new price increases at its December meeting in Venezuela. The Saudis, who have held their price at the cartel minimum of $18 per bbl., may raise it closer to the levels of other producers: $23.50 or more. At the same time, several OPEC producers have announced plans to curtail production next year, while Iran, Dubai and other producers...
...Under Secretary of State Philip Habib on a ten-day tour of the area to re-examine U.S. policy. Among Habib's still secret recommendations: providing generous aid through multilateral organizations like the Caribbean Group for Cooperation in Economic Development, which includes several European nations as well as Venezuela, Japan, Brazil and Canada. Though some Caribbean nations would prefer unilateral assistance from the U.S., a multinational approach would short-cut the resentment that stemmed from John Kennedy's Alliance for Progress, which many Caribbeans viewed as an attempt by the U.S. to play a "big daddy" role...
DIED. Juan Pablo Pérez Alfonzo, 75, former energy czar of Venezuela and chief architect of the Organization of Petroleum Exporting Countries; of cancer; in Washington, D.C. Pérez Alfonzo helped form the Accion Democratica party in 1941, became Minister of Mines on its rise to power four years later. He sought to organize a union of oil-producing nations, a goal realized in 1960; and to nationalize Venezuelan oil, which was done in 1976. In recent years he admitted that as "the father of OPEC, I sometimes feel like renouncing my offspring...
...finance ships through long-term charters. Recalls a former aide: "Often he just sits in his office and thinks three or five years down the road." In the 1950s Ludwig began pondering the world's increasing use, and dwindling supply, of pulp and timber. After surveying sites in Venezuela and elsewhere he settled on Brazil, in part because he found an immense tract for the right price. He bought the land in 1967 for less than $1 an acre...
...chosen to make his Caesar a Latin American caudillo, who enjoys wearing his military uniform with its gold braid and rows of campaign service ribbons. Our century is familiar with such personages: Peron in Argentina, Estrada Cabrera and Ubico in Guatemala, Gomez and Perez Jimenez in Venezuela, Vargas in Brazil, Hernandez Martinez in El Salvador, Ibanez in Chile, Stroessner in Paraguay...