Word: cartelism
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...that the U.S. would begin building what he called a "new order" in the world economy. He signaled American willingness to talk with developing nations about stabilizing prices for raw materials like copper, rubber and cocoa as well as oil. In a related step aimed at impressing the OPEC cartel that the U.S. is determined to conserve energy, Ford imposed a second $1-per-barrel tariff on imported oil and proposed phasing out price controls on domestic oil later this month (see ECONOMY & BUSINESS...
...urged that the 18 IEA nations collectively cut imports of oil by 4 million bbl. per day by the end of 1977 and spend up to $1 trillion in the next ten years to develop additional sources of energy that would make the industrial world independent of the oil cartel. Yet, as Kissinger conceded, there is nothing that the consuming nations can do in the next several years to prevent oil producers from raising prices whenever they want to. Indeed, the Organization of Petroleum Exporting Countries may hike world prices by as much as $2 per bbl. in September...
Market Power. Even before the conference opened, U.S. Assistant Secretary of State Thomas Enders struck a discordant note. In an interview on British television, he declared that the U.S. aim is "to get enough market power to hasten OPEC'S demise," referring to the producers' cartel, the 13-nation Organization of Petroleum Exporting Countries. Though that U.S. attitude is scarcely a surprise, it was undiplomatic of Enders to voice it so bluntly; Under Secretary of State Charles W. Robinson, chief of the U.S. delegation, disavowed the remarks in a background briefing for American correspondents...
Fare cutting has spread to international routes too. British Airways is considering no-frills service on its North Atlantic runs. And in Geneva last week, members of the International Air Transport Association, the rate-setting cartel for international flights, reached an agreement that will permit carriers to continue offering scheduled flights at new bargain rates of about half the normal coach fare. If the U.S. formally approves the agreement, it will allow major American carriers to meet competition from foreign airlines without starting the wide-open rate war that some executives had feared would break out over the Atlantic this...
...should be naive enough to think that the disappearance of Israel would dissolve the Arab oil cartel, thereby dissipating the Arab threat to the economic stability of the U.S. and the entire world. Israel is the excuse, not the cause. Mr. Richardson seems to believe that it is in the interests of Americans not to oppose what he ambiguously refers to as "the Arab peoples." Does he mean that Americans should not oppose Arab nations whose oil imperialism has weakened the U.S. economy, and therefore her security? Does he mean that Americans should acquiesce to the policies of Arab nations...