Word: embargoed
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...luncheon in Syria opened with jokes about his girl friends. What is Jill St. John really like? "I'll tell you what," said Kissinger. ".You lift the oil embargo and I'll give you three phone numbers. [Pause.] On second thought, that is no deal. You can put the embargo back any time you want, but if I give you the phone numbers I can't get them back...
...Arab Embargo. Those suspicions were heightened by the annual income statements released last week by the three biggest oil companies. During the last quarter of 1973 - which roughly coincides with the Arab embargo against oil shipments to the U.S. - Exxon's profits were up 59% over the comparable period in 1972. For the full year, its profits also jumped 59%, to a record $2.44 billion. Large increases were also reported by other large companies (see box, facing page). The profits amid scarcity, said Exxon Chairman J.K. Jamieson, have reduced the public image of the oil companies "to a particularly...
There was one set of statistics that oil executives were not at all reluctant to disclose last week. Largely as a result of the Arab oil embargo, imports of crude into the U.S. declined by 10% from the week before, and are now running 22% behind the early autumn. Treasury Secretary George Shultz last week said that Middle East troop disengagement (see THE WORLD) would lead to a relaxation of that embargo; but he did not predict when. Saudi officials have declared that they would keep it clamped on until the Israelis agreed to a complete pullback behind 1967 borders...
Until the Arab embargo, South Vietnamese forces never had to worry about where that oil might come from. When the Americans were in residence, Vietnamese units drew their supplies from U.S. depots. Afterward the U.S. Defense Fuel Supply Center contracted with Esso and Shell in Singapore and Caltex in Saudi Arabia for shipments to the same depots, now under local management. But early in November the Saudis warned that Singapore's refineries might be cut off from Arab crude if the refineries continued to fulfill U.S. military contracts-and that included fuel ordered for America's allies. Rather...
Mayer said that the world shortage of grain has already been increased by the Arab oil embargo which has raised the price of petroleum, a crucial factor in the production of fertilizers...