Word: cartels
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...does not have an oil equivalent of Alan Greenspan, an appointed official working very closely from an established charter. Venezuela has an oil minister - he's president of OPEC right now. Maybe Clinton is jealous, because the U.S. apparently has just appointed one now, just in time for the cartel's meeting next week...
...cheered at their fleeting glance of Clinton. The National Assembly and President Olusegun Obasanjo both gave him rousing ovations. But each leader wants something from the other: Clinton wants Nigeria, an OPEC member and the sixth-largest supplier of oil to the United States, to encourage its fellow cartel members to pump more oil to reduce its price below inflation-inducing $30-a-barrel levels. In exchange, Obasanjo wants Clinton to fight to reduced the crushing $30 billion the nation owes the industrial powers, debt amassed by military autocrats...
...model for his vision of an oil-financed social revolution, but his country is also one of the United States' leading oil suppliers. And the weight of his opinions is amplified by the fact that he's the current chair of OPEC and is looking to beef up the cartel's ability to keep prices high by restricting supplies. That, of course, puts him on a collision course with Washington, which recently leaned on Arab allies such as Saudi Arabia and Kuwait to open OPEC's spigots to ease U.S. gasoline prices, which had climbed past $2 a gallon. While...
...course, in hyper-liberal circles diamonds have been viewed with suspicion for years, a sentiment fed in equal parts by disgust for the infamous DeBeers cartel and a growing sense that perhaps wearing a measure of one's fianc?'s net worth on one's hand might not be the most practical use of two months' salary...
...fact that the U.S. is forced to call in political chits to bring down the oil price shows a remarkable turnaround for an oil cartel that was all but written off two years ago, when it flailed helplessly trying to stop members from cheating on output targets as the price languished at $10 a barrel. "OPEC itself may have been surprised at the extent to which their members and associates have complied with production targets over the past year, because there had been so much cheating in the past," says Baumohl. "Non-OPEC producers would start to cheat to generate...