Word: berti
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Dates: during 1980-1989
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...able to sell what they can make from a barrel for only $26 to $27. As delegates from the 13 member nations harangued, haggled and tried to hammer out a scheme of prices and production quotas that would stabilize the market, Venezuela's Humberto Calderón Berti warned, "If we start fighting, all of us, the price will go down to $20 a barrel...
...through the weekend, the delegates became increasingly confident that a deal was imminent. The Iranians were surprisingly content to hold their production to present levels. The Venezuelans, who pleaded for a higher quota, agreed to accept a slight cut instead. On Sunday night Venezuela's Calderón Berti suddenly emerged and disclosed that the participants had hammered out new quotas designed to hold the oil price at $34. Iran's Mohammed Gharazi was jubilant. "This is the greatest victory for OPEC," he proclaimed...
...long been enthusiastic about using its petrodollars to spread its concept of democracy elsewhere in the region. Venezuelan President Luis Herrera Campíns, 56, calls his country's assistance program a campaign in favor of "democracy for the poor." Says Energy Minister Humberto Calderón Berti: "Venezuela's oil is the main stabilizer of the democratic system...
Said Venezuelan Energy Minister Humberto Calderon Berti bluntly: "There is simply no reason for us to come down in price." The makings of a deadlock were suddenly present...