Word: demands
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...cartel will ram through yet another 15% increase by year's end. The only way to head it off, say government leaders around the world (including OPEC leaders), is for the oil-importing nations to cut their consumption by 2 million bbl. a day. That would bring supply and demand into balance and perhaps stop the wild rise in prices. But how can the pain of a cutback?which inevitably will mean less production and fewer jobs?be shared equitably among consuming nations with widely differing economic needs...
...differentials, which traditionally have been set at no more than a small fraction of the base price, are supposed to be applied solely to specially attractive crudes, such as Nigeria's and Libya's low-sulfur oil, which is now much in demand for refining into gasoline. Veteran observers of past OPEC behavior expect the differentials soon to be turning up as part of the price for almost any grade of cartel crude. As a portent of things to come, the Algerians announced that they would immediately start charging the top dollar possible...
Though the cartel made a halfhearted effort to pass off the new price structure as a ceiling on the rising cost of crude, not even the delegates seemed to believe it. With world demand exceeding supply, nations appear willing to pay virtually any price. Said one Indonesian delegate: "We're faced with a shortage of oil that seems irreversible. It is hard to believe that prices can be kept down." The former U.S. Ambassador to Saudi Arabia, James Akins, now a private oil-industry consultant, asserts, "The first time that any oil-importing nation offers a price above...
Wise has done much of his research in econometrics and human resource economics. He has recently written on the demand for housing, affirmative action, the demand for physicians' services, and income maintenance...
...halt, a short-lived moral victory. Proceedings for the arrested clogged District Court in Hauppauge for a week, and about half of the protesters have turned down an offer to have the charges dismissed in six months and instead opted to plead not guilty and demand a jury trial. Self-defense, they'll say, and repeat their case to all who will listen when the trials open in September. Maximum penalty for criminal tresspassing is 90 days in jail and a $500 fine, but no one expects any prison sentences...