Word: cartels
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Dates: during 1990-1999
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...such non-member producers as Norway, Russia and Mexico stick to their agreed cutbacks totaling 1.5 million barrels. Analysts are skeptical over whether Russia, Venezuela, Nigeria and others will avoid the temptation to exceed their new production quotas, which would quickly unravel the agreement -- and even the oil cartel itself. After all, it?s not as if renegades face the prospect of having their legs broken or anything...
OPEC, the international oil-producing cartel, is fighting for its life amid tumbling oil prices and members' cheating on their quotas. That, says TIME business writer Bernard Baumohl, is the reason Saudi Arabia yesterday secured an agreement from Venezuela and Mexico cut oil output -- a deal quickly emulated by Kuwait, Iran and the United Arab Emirates...
...work alone, however, the results are more dubious. Witness Intel's unveiling Tuesday of Quick Web technology, which will do little more than double the download of a 28.8 modem, while delivering clunky graphics and cached pages. Most surfers would likely prefer to wait for the wintel-Bell cartel to deliver. Next problem: how to handle traffic when everyone and their grandmother is sucking down a million bits a second...
WASHINGTON: The Big Five tobacco companies are a wary cartel: always in competition but still bound together, in charge of the same pot of gold. Now one of them is going under the hot lights, giving them all a new reason to be nervous. Brown & Williamson Tobacco was the "unindicted co-conspirator" in the guilty plea Wednesday of a California biotech firm called DNAP, which was convicted of breeding high-nicotine tobacco plants (illegal under U.S. law) and smuggling seeds out of the country to be farmed in Brazil...
Clinton Drug Czar BARRY MCCAFFREY drew flak last week when he visited Colombia President ERNESTO SAMPER, who had been sanctioned by the U.S. for allegedly taking campaign funds from the Cali cartel. But in private, the retired general signaled to key members of the ruling Liberal Party that relations with the U.S. will continue to be strained if the party's presidential nominee for the May 1998 elections is the current front runner, former Interior Minister HORACIO SERPA URIBE, one of the men who took responsibility for letting the drug money into Samper's campaign. "We desperately look forward," McCaffrey...