Word: cartels
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Dates: during 1980-1989
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...petroleum cartel's leader pushes for automatic price rises...
...some respects, OPEC is to the dollar what Charles Darwin was to fundamental Christianity; practically overnight a cartel that controlled most of the planet's known oil reserves demonstrated that financial security was not necessarily descended from paper currency. "The store of value," writes Goodman, "had become oil. The yen, the marks, the dollars, the francs were spent; the oil was saved...
...OPEC hold together? The economists have said no, it can't, it's a cartel, cartels don't survive, it says so right here in this book. The economists knew only numbers, not asibaya, not an Arab sense of community, not the Third World flexing its muscles. We ask, Where will the price go? Ten years ago not a single economist could foresee a tenfold increase in price. OPEC is a Club, not quite a cartel, not as well organized as the Texas Railroad Commission, sometimes more like a bunch of 18th century privateers waiting...
...demoralizations of Viet Nam and Watergate; the humiliations of being outproduced by former enemies and overcharged by a Third World cartel; the inflation that has narrowed the road to middle-class affluence...
...disguise has been penetrated and the great eccentric has been identified, such suspense as The Formula manages to generate comes to an abrupt and early end, though whatever fun and frolic the film offers depends solely on his occasional presence as the comically menacing leader of an oil cartel. Perhaps one should say the oil cartel. The movie traffics heavily in this kind of simple-minded paranoia. It insists that evil lurks in a single all-powerful force possessing the power to warp men's minds, condition their behavior and, of course, bump them off wherever they live...