Word: cartels
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Dates: during 1970-1979
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...case, which has already produced more than 10,000 exhibits, is a key part of the continuing legal fallout from the operations of the now notorious world uranium cartel. The cartel included companies from Canada, Australia, Britain, France and South Africa, as well as the governments of all those countries except Britain. Gulf Oil, the only known American participant, was represented through a Canadian subsidiary. The cartel existed only from 1972 to 1975, but it cashed in on a bonanza that would make an OPEC oil minister jealous: during those three years, world "yellowcake" prices zoomed from less than...
...with General Atomic to deliver more than 27 million Ibs. of uranium at set prices ranging from $9 to $14 per Ib. could be filled only at a huge loss. All the time, it now claims, officials of both Gulf and General Atomic, neither of which were formal cartel members, concealed their knowledge that Gulfs Canadian subsidiary was helping to drive prices up by participating in the cartel. United Nuclear now seeks not only to have the contracts voided but to collect damages of $2.27 billion from G.A. In a countersuit, General Atomic denies all allegations and asks that United...
...used to think oil was inexhaustible, remember? We may wake up some day soon to find that the oil cartel has cornered the available water as well...
...ensure that "the American people are not robbed" but would also provide adequate incentives to the oil companies to find new fields and produce more fuel. His plan would tax oil at the wellheads so as to raise retail prices to the world level set by the oil-producing cartel (OPEC). Under the Carter plan, most of the wellhead tax would be rebated to consumers. The oil and gas companies would also like to see domestic oil prices rise to world levels, but they object to the wellhead tax and rebate plan. They want to retain all of the proceeds...
...that the problem is not one of supply but of price-the cost of getting oil and gas to market. Specialists in international finance say that price as such is less important than the fact that consuming countries cannot keep handing over more and more money to the OPEC cartel members without imperiling global financial stability. By year's end the import bill for the U.S. alone will total $45 billion...