The tinkle of expensive glassware mingled with the murmur of subdued conversation and the swift, deft movement of red-coated waiters in the grand ballroom of London's Grosvenor House one day last week. Distinguished guests sipped and chatted at the invitation of the Iraq Petroleum Co., to celebrate the opening of a $115 million new 30-inch pipeline to the Mediterranean that promises to more than triple the output of Iraq's oil. The assembled guests watched a movie of the pipeline's construction, and applauded vigorously at the progress it augured. "You can be bloody sure," an I.P.C. press-agent confided to a newsman,...
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