Word: cartels
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Valerie and Mary both work for Mary Tyler Moore Enterprises, Inc., and between them they constitute a neatly balanced show business cartel. One of these leading ladies is sweet, the other spicy. One is conservative, the other radlib. One is tranquil, the other seems to have been born with sand under her skin. Doublehanded, they are bringing a new sophistication back to television entertainment...
Disguised Blessing. In its analysis of the energy crisis, Mankind supports the views of the Shah of Iran and other members of the oil cartel by arguing that higher prices are really "a blessing in disguise." Reason: if the price of oil had remained at pre-embargo levels, demand for the fuel would have been so heavy that known reserves would have probably run dry around the end of the century. That would leave the Middle Eastern countries with resources too meager to finance continued economic development, and the oil-importing nations without sufficient alternative energy sources...
...power also increased because the world's growing oil demand changed a buyers' market into a sellers' market. During last year's Middle East crisis, OPEC achieved its greatest success when Arab members imposed an embargo, demonstrating how dependent the world had become on the cartel...
Some observers believe that OPEC has succeeded because the oil companies and the governments of the oil-consuming nations have lacked the courage to oppose the cartel; any concession to OPEC merely encouraged further demands. The Shah of Iran seems to agree...
...producing countries suffer even the slightest defeat," he said in 1971, "it would be the death knell for OPEC." If a united front of oil consumers can be created, the cartel could suffer that initial defeat. This could hasten the day when OPEC shares the fate of history's other cartels-disunity as each of its members seeks to secure its own favored deal with customers...