Word: barrelers
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...main force behind this whisky rebellion is Keizo Saji, 59, the professorial chairman of Suntory Ltd. He and his family own Suntory still, pot and barrel. Last year the company's after-tax profits are estimated to have reached $57 million on sales of $2.8 billion. With volume last year of 26 million cases of Scotch-type whisky, Suntory not only commands 64% of Japan's whisky market but also claims to be the world's leading private distiller...
...national disgrace. In order to get our daily "fix" we are willing to coddle tyrants, insult friends and grovel before reactionary regimes. Once it was feared that mankind would be "crucified upon a cross of gold"; now it appears that it will be crushed by a barrel...
...setback came from Iran itself. No sooner had Hassan Nazih, the new head of the National Iranian Oil Co., announced that NIOC would resume exports, than he was telling cheering oil field workers that Iran would be raising prices by as much as 50%, to $18 to $20 a barrel. At the same time, said Nazih, the Country would cease dealing with the London-based oil consortium', headed by British Petroleum, that has exclusive long-term contracts to buy NIOC exports...
...dollar has made oil relatively cheaper in yen or marks than it was only a few years ago. If other OPEC countries now decide to follow Iran's lead, even going so far as to break existing contracts with oil companies, the dollar price of a barrel of crude could surge to unimagined heights...
...remains high, the spot premium will simply be imposed on the higher posted cartel price. That would mean we will have, sooner or later, another OPEC increase following the first increase. And the higher OPEC price will not increase the supply of oil in world markets by one single barrel...