Word: presentation
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Dates: during 1970-1979
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Totally at the root of the present dispute between the U.S. and Iran is the deposed Shah. Though Americans themselves are divided on their views toward the Shah, few perceive him as an "Iranian Hitler," as Iranian revolutionaries now call him, charging that his forces slaughtered 10,000 Iranian civilians in the months before the monarchy collapsed. Even fewer Americans would be prepared to allow the Shah to be returned to Iran involuntarily to face the Ayatullah's revolutionary justice...
...which is still hurting from the two-month loss of Iranian crude earlier this year, almost any new interruption in supply, no matter how modest or brief, will lead to tighter markets and higher prices. In their present jittery state, Americans are ready to start topping off gas tanks for almost any reason. Not only does the memory of a summer spent in gas lines remain fresh and infuriating, but so does the specter of the 1973 Arab embargo, which ushered in the age of energy upset...
Escalating spot market prices are, if anything, a bigger threat to the world economy than is the ever present danger of a cut in supplies. With spot prices now hovering at $40 or more per bbl., nearly twice the maximum official OPEC price of $23.50 for oil sold under contracts of three months or more, OPEC members are clamoring for a hefty new increase when the cartel meets in Caracas on Dec. 17. Notes a top Carter Administration official: "Spot prices are the locomotive now dragging OPEC prices along." Adds Data Resources' Eckstein: "Our present forecast has OPEC prices...
...spotlight redolent of Hollywood memories illuminated his pinkish cheeks and slightly graying temples, the still handsome candidate declared, "I am here tonight to announce my intention to seek the Republican nomination for President of the United States." Some 1,500 followers, who had paid $500 each to be present in the grand ballroom of the New York Hilton, stood and roared their approval...
...fiscal year ended last September. The American Farm Bureau Federation would support President Carter if he should cut off grain shipments, as he could do under the International Emergency Economic Powers Act. Cries of "Food for crude!" are starting to be heard. The White House, however, has no present intention of halting food supplies. If the U.S. later plugs up this cornucopia, Iran will be less vulnerable than it once was. As a Persian grain trader says, "We are earning $24 billion a year from oil. We can buy food any place we want...