Word: cartels
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...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...
...improve the living conditions of the country's poor. But the investment fund goes a long way toward fulfilling one of Pérez's principal objectives: to offer other Latin nations an alternative to Washington's leadership. Venezuela has pledged $50 million to an incipient cartel of five Latin American nations. The loan is to enable them to cut coffee production in an attempt to prop up prices. In addition, Venezuela and Mexico are the main forces behind an embryonic Latin economic community that aims, among other things, to create multicountry firms to export the region...
...Kissinger and President Ford on the possibility of using force to prevent economic "strangulation" of the West by the oil producers. Algeria had proposed that OPEC members make a blunt pledge to impose another oil embargo if any member was attacked, but the final declaration merely noted that the cartel would take "immediate and effective measures to counteract such threats with a united response...
...caused in part by towering oil prices, has sharply reduced demand for OPEC crude. This has lowered revenues for oil producers, who have had to cut production. OPEC output, which averaged 33 million bbl. a day in 1974, is now down to an average rate of 27 million bbl. Cartel officials note that even with shrinking demand, oil producers are taking in more money now than they were a few years ago. Yet the more production falls, the closer OPEC comes to an exquisitely difficult political problem: how to apportion cuts within the cartel so that no member suffers more...
...agreement that commits Iran to spend about $ 12 billion on American goods and services, including up to eight nuclear reactors, over the next five years. The State Department insists that the deal has nothing to do with American policy toward OPEC. Yet the better U.S. relations are with individual cartel members-and the more dependent these countries are on American equipment and technology-the more influence the U.S. will have on OPEC as a whole...