Word: bigs
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Dates: during 1970-1979
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...plan was finally put to a vote in Scotland and Wales last week, it was turned down. Welsh voters, fearing that the practical effect of limited self-rule would be the creation of a costly new bureaucracy, rejected the idea by a 4-to-1 margin. Still, the big surprise came in Scotland, where as recently as a month ago opinion polls showed voters favoring devolution by almost 2 to 1. In the end, barely 33% of the eligible voters had said yes to the plan, while 31% had said no. Since 40% of all those registered to vote...
...Kuwait, Oil Minister Sheik Ali Khalifa al-Sabah declared a price increase of 9.3%, retroactive to Feb. 20. He blamed the decision on what he called price profiteering by oil companies, implying that if Big Oil was somehow ripping off the public, Kuwait was going to get in on that game...
...much is at stake for the world to tolerate for long the problem of rising prices from erratic suppliers. As one top oil executive put it in London: "The game is too big to be taken advantage of in this way. The economic penalty of imposing sudden price increases is lethal...
Small and big traders and middlemen are charging huge spot-market premiums over and above the OPEC price. Because profits can reach billions a year, you have to expect that the spot trade will increase by hook or crook, and I mean the words literally. When OPEC sees how much money is made on its oil by in-between traders, the producing countries will have no political choice but to increase their own prices and divert more oil to the spot market. That was clear from the moment the Iranian crisis broke. Our Government was made well aware...
Fast deals, broken contracts and big profits...