Word: mideast
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...producers throughout the Arab world heard of the Japanese strike with some dismay. New oil discoveries have already helped saturate the market, threaten to drive petroleum prices down. In spite of the glut, the search for new fields gallops along in the Mideast and North
Africa, because the oil companies are caught between the rising tide of Arab nationalism and the intense competition from the newest fields. The development of France's Saharan oil fields (TIME, Aug. 17) will cut into the European market for Mideast oil; in addition, Russia is shipping oil not only into Western Europe, but through the Bosporus into Egypt and North Africa. For these reasons, new oil concessions are being granted all over the Middle East. Examples: ¶ In Yemen the American Overseas Investment Corp. was exploring a 10,000-sq.-mi. concession in the northwestern coastal plain...
...regularly read by network executives, program sponsors and advertising agencies. Such critics can point to a few direct results of their influence. During the 1956 Suez crisis, several blistering columns by the Times's Gould shamed all three networks into covering the U.N. Security Council debate on the Mideast. After John Crosby rapped CBS for vapid programing, CBS Board Chairman William Paley postponed a European vacation to help whip up something better. This fall, before putting on the air the new private-eye program called Staccato, the producer invited Los Angeles' Humphrey to appraise the opening show. After...
...tables to show Kassem the soles of their feet-an Arab gesture of contempt. Demonstrators protesting last month's execution of 13 popular Iraqi army officers (TIME, Sept. 28) even dared to chant: "Allah is great, Kassem is crazy." In the sultry heat of Baghdad, many an old Mideast hand could smell trouble...
...lifts the ban on underground and space testing, U.S. planners can get on with sorely needed nuclear development (clean bombs, anti-missile missiles, compact Army and Navy weapons and pure-science experiments) at a time when such strength can be the tranquilizer for Communist-inspired tensions in Germany, the Mideast and Asia...