Word: petroleum
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...International Center, observes: "They view their American education as an exportable commodity. They come, they buy it, and they take it away." And American students often gain valuable international contacts. Take the University of Texas, for instance, where many of the 2,000 foreign students are studying petroleum engineering. When it sponsored an alumni conference on energy a couple of years ago, one 1947 grad came a long way back: Sheik Abdullah Tariki, a former Petroleum Minister of Saudi Arabia and a founder of OPEC...
...makes about $300,000 a year by performing in public as the President's brother, crossed the line from being a plain, greedy slob into being an embarrassment to the presidency. Then last week came the Atlanta episode, in which a visiting delegation of Libyans, with Occidental Petroleum, among others, as their hosts, met with the presidential brother, whom they have apparently wooed to help them improve their image in America. According to reports, Billy urinated on the side of a building while waiting, then launched into his sales pitch about "some of the best friends I have...
...Houston. This month, after learning that the sheik's plane was in Savannah, Ga., for routine repairs, Evans obtained a court order grounding the flying palace until the bill is settled. The United Arab Emirates have substantial leverage in Washington because they supply about 5% of U.S. petroleum imports, but their American lawyers stressed that the bill would not become a matter of state. Said one: "It's a simple private dispute over whether the charges are reasonable." At week's end the sheik had sent the Houston firm $90,000, but Evans was standing firm: payment...
...Washington these days as "exactly the sort of thing the U.S. should not do in the Middle East today." In the 1950s a ranking U.S. ambassador in the Middle East, Raymond Hare, summed up the U.S.'s minimum interests in the region as "right of transit, access to petroleum, and absence of Soviet military bases." That probably remains the bottom line today. Toward that end, the U.S. may have to step up technical, economic and (very selectively) military aid. Already the U.S. has a potential "archipelago of allies" that aid each other in opposing Moscow-supported internal subversion...
...longer have the economic means to make huge arms purchases. Bakhtiar also promised to review who may buy Iran's oil. This was interpreted to mean that the National Iranian Oil Corp. would cancel deliveries to Israel, which now depends on Tehran for more than 40% of its petroleum needs, and to South Africa, which imports 90% of its oil from Iran. Even if the oil market could be so neatly manipulated, neither country would immediately suffer from the threat. Both have huge oil stockpiles, and Israel has a U.S. guarantee of supply in case Iranian...