Word: venezuelan
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...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...
...staunchest supporter in the House. Murphy went to Managua at his friend's request and attended the meeting between Pezzullo and Somoza. "The issue isn't Somoza," he told TIME last week, "but Nicaragua and the security interests of the U.S. This Sandinista uprising is a Cuban, Venezuelan, Panamanian, Costa Rican operation. It's another Viet Nam, and it's in this hemisphere...
...months the army has been cracking down on clandestine flights from the U.S. that swoop in, load up and head north. The Colombians were particularly skeptical when Spradley admitted he could not remember the name of the airport he had taken off from, or his Venezuelan destination, or the company for which he was supposedly working. The missing McLemore, he said, had all the details. The army held Spradley in custody at the hospital...
...Salvador, one of the Western Hemisphere's most densely populated (531 people per sq. mi.) and most turbulent nations, no end of violence was in sight. Indeed, at week's end four B.P.R. sympathizers were slain by police and nine members of the group occupied the Venezuelan mission, taking Ambassador Santiago Ochoa and several aides as hostages. Said one of the captors: "We will stay here until the government releases all our imprisoned leaders...
When prices move high enough, the temptation grows for even oil companies to start speculating, sometimes by selling portions of their own oil through profiteering middlemen. Last week the Saudi oil minister, Sheik Ahmed Zaki Yamani, complained of just that tactic, and the sentiment was echoed in Caracas by Venezuelan officials. OPEC might be wise to stay silent because much of the oil that is churning through the spot market is coming not from the companies but directly from the producing states...