Word: cartels
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Petroleum Exporting Countries. The U.S. tried to weld consuming countries into a bloc that would reduce oil imports and accelerate development of alternative sources of energy, with the aim of shrinking OPEC revenues enough to prod some of its 13 member nations to cut prices, thus dissolving the cartel. The strategy seemed justified: OPEC's quintupling of prices since late 1973 has aggravated both inflation and recession in industrialized countries. But the attempt simply did not work, and now the policy is being quietly shelved. The U.S. Government has decided that it cannot beat the cartel and that...
Moreover, OPEC has proved remarkably resilient because its members are well aware that their power to fix prices lies in their ability to maintain a united front. Thus cartel members have been able to hold traditional animosities in check-at least so far. Iran and Iraq managed to settle a long-smoldering border dispute, and radical Algeria fell in line behind Saudi Arabia's moderate pricing policies when the Saudis presented Algeria with a generous loan. Un-gluing OPEC, if it could still be done at all, would require extraordinarily disruptive measures by the U.S.; for example, actively fostering...
Ending Confrontation. Instead of confrontation, the U.S. is now seeking to influence OPEC through accommodation with Saudi Arabia, the cartel's most influential member and biggest producer. The Saudis' avid antiCommunism, their support of Egyptian President Anwar Sadat against more radical Arab leaders and their relatively moderate position on oil pricing make them particularly acceptable to American policymakers. Despite its vast wealth, Saudi Arabia is still essentially a feudal state badly in need of both industrial and agricultural development. In the past year or so, the U.S. has signed agreements to provide the Saudis with military and technical...
...looked like Carlos-or did he? He talked like Carlos-or did he? He said he was Carlos-and then that he was not. At the end of the OPEC affair, one major question remained: Was the man who led the raid on the oil cartel's headquarters the terrorist known variously as Carlos and "the Jackal"? French intelligence was convinced that the leader of the attack was another person and that Carlos had been killed earlier by other terrorists. Israeli agents speculated that there might be not one but four Carloses...
...more than 100 cases, the trustbusters have taken on industrial giants of both European and U.S. origin, including Kodak (for price fixing) and Pittsburgh Corning (for charging widely different prices in neighboring countries). EEC regulators have forced the dissolution of a price-fixing aluminum cartel, broken up a sugar price-fixing arrangement, and punished with a $200,-000 fine the Italian subsidiary of New York-based Commercial Solvents Corp. for refusing to sell anti-TB drugs to an Italian company that had resisted a takeover bid. Some 40 department detectives now show up without warning at company offices throughout...