Word: demand
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Dates: during 1980-1980
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...surpassed Wallenda in pulling off the biggest tightrope act in history." Nonetheless, Soviet divisions on the Polish frontier and in East Germany remained on top alert, ready to pounce if unrest flared-or if the Warsaw government of Party Boss Stanislaw Kania simply could not control the popular demand for more freedom and a better life...
...demands for guarantees of money in the amount of $23 billion presented the most difficulties, according to senior U.S. officials. For example, it was unclear what portion of the frozen $13 billion must be transferred to an escrow account in the Algerian Central Bank as a guarantee of good faith. Some $7 billion of those assets is subject to litigation by American companies that had contracts in Iran before the revolution. U.S. officials had hoped Iran would understand that Carter does not have legal authority to expatriate those funds. The implication was that the demand exceeded the amount Carter might...
...strongly to the latest oil cartel action, but the protest sounded similar to those of past years. Said presidential Press Secretary Jody Powell: "We do not consider these increases to be justified, particularly in the light of the good record of the U.S. and the industrial world in restraining demand...
Such objections, however, are not likely to have any real impact on OPEC decisions. Much more important is the state of world petroleum markets, which are currently afloat in oil. Worldwide demand for the black gold was off by about 2 million bbl. a day in 1980. Some production has resumed in Iran and Iraq, and the Saudis are continuing to pump about 2 million bbl. a day extra to make up for the shortfall caused by the Iranian revolution and by the destruction resulting from the Persian Gulf war. This has permitted oil companies and major petroleum-importing countries...
Experienced people are in such heavy demand that the large oil companies have serious difficulty keeping prized employees. Shell Oil is rumored to have lost some 100 geologists and geophysicists since the beginning of the year. McMoRan Oil & Gas Co. of New Orleans, for instance, has lured five scientists away from bigger firms since 1977 by offering them stock options of up to 30,000 shares each. The company's strong Wall Street performance has now made all five of them millionaires...