Word: cartelized
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...market their charisma. In the first film, Turner intoxicated as a drab novelist who blossomed into a spunky heroine; here, she is fighting only celebrity veg-out. Mark Rosenthal and Lawrence Konner's plot, which amounts to a series of enforced aerobic exertions, matches the two funsters with a cartel of shifty Arabs and a tribe of gullible black Africans. (But my, can they dance!) Every Third World racial cliche is put into the service of derring-do recycled by Director Lewis Teague from Indiana Jones discards. With their cheery imperialist swagger, Douglas and Turner are emissaries of Hollywood...
...real flooding of an already glutted market begins." A price war would be a risky, last-ditch change in strategy for OPEC, which has been floundering in an ocean of crude. For the past four years OPEC has tried to shore up prices by limiting the worldwide oversupply. The cartel squeezed its output from a peak of nearly 32 million bbls. per day in 1979 to just 18 million now. But such competitors as Britain and Mexico defeated that strategy by selling more oil. Like a lonely gas- station owner watching all the cars whiz by, OPEC cannot figure...
While OPEC's woes inspire visions of energy-to-burn for U.S. consumers, petroleum experts warn that the cartel could get the upper hand again in the 1990s. By then, many alternative sources, notably Alaskan and North Sea oil fields, will be on the decline. Low crude prices could help OPEC make a comeback by discouraging exploration for new sources. Says Elihu Bergman, executive director of Americans for Energy Independence: "We shouldn't let down our guard. We should take advantage of this to prepare for the future...
...moment, though, the market and not OPEC clearly sets the price of world oil. If the cartel tries to roust its rivals by cutting prices, OPEC may set off a downward spiral that it will be powerless to stop...
...With an OPEC meeting scheduled for Oct. 3 in Vienna, the mercurial minister let it be known that he had entered negotiations that could lead to lower Saudi Arabian crude prices for some customers. The move was seen by many as evidence that prices of the hard-pressed OPEC cartel might be on the verge of cracking. Said John Lichtblau, president of the Petroleum Industry Research Foundation: "The era of official prices is ending...