Word: shahs
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...entitled to enjoy and perhaps even flaunt their wealth, they may be well advised to contemplate more carefully the long-range consequences of their action. The Saudis have apparently done just that. Before last month's OPEC ministerial meeting, King Faisal, in a most unusual gesture, sent the Shah of Iran a personal letter urging him to join Saudi Arabia in pushing for lower oil prices. The Shah refused. The Saudi monarch, say officials close to him, wrote the letter because he is worried that the impact of high oil prices on both the industrial and underdeveloped world will improve...
...vocal advocates of keeping oil prices high is Jamshid Amuzegar, Iran's shrewd and dapper Interior Minister. Amuzegar was chief negotiator for the producer countries in the 1971 settlement that first humbled Western oil companies by forcing costly price and tax boosts. Since then, he has become the Shah's right-hand oil expert. In an interview in Teheran last week with TIME Correspondents Karsten Pragerand William Stewart, Amuzegar talked forcefully on a range of topics...
SOLUTIONS. The way to avoid disruption is for frank dialogue between OECD countries and the producers. As the Shah said last year, we are ready to sit down, and if we are proved to be wrong, we will stand corrected. The first of our principles is that the price of oil should be equivalent to the cost of alternative sources of energy. Second, whatever the oil price, it should change with the rate of inflation in the industrialized countries in order to protect our purchasing power. Beyond that, there will be no geometric rise. We are even willing...
...Cuba in 1961; the Chilean operation. Over the years, there were successes for the CIA as well: the 1953 coup that deposed Premier Mohammed Mossadegh (who had nationalized a British-owned oil company and was believed to be in league with Iran's Communist Party) and kept pro-American Shah Mohammed Reza Pahlavi on the throne of Iran; the 1954 revolution that overthrew the Communist-dominated government of President Jacobo Arbenz in Guatemala. The CIA has been suspected of participating in the 1967 military coup in Greece, the capture and killing in 1967 of Cuban Revolutionary Che Guevara in Bolivia...
...Minister Zulfikar AH Bhutto warned that his country, which has fought four wars with India since 1947, "will never surrender to any nuclear blackmail by India. The people of Pakistan are ready to offer any sacrifices and even eat grass to ensure nuclear parity with India." Iran's Shah Mohammed Reza Pahlavi, who has been spending billions of dollars in recent years on conventional armaments, warned darkly: "If small nations arm themselves with nuclear weapons, Iran will seek possession of them sooner than you think...