Word: hiked
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...countries in Paris that also had been scheduled for this week. OPEC likes to pose as a champion of underdeveloped countries (even though its oil-price increases have hurt those nations more than the industrial countries). The idea was, in effect, to use the threat of another oil-price hike as a club to get the industrial countries to agree to the Third World's demands: a stretch-out of debt repayments and higher prices for non-oil commodities...
Trade Deficits. For the U.S., a 10% OPEC increase would inflate oil import costs by about $3.5 billion and add about 20 per gal. to the price of gasoline and other fuels. That would put a further drag on the already sluggish U.S. recovery, since an oil price hike, like a tax increase, reduces the amount of money consumers and businessmen have available to spend on other things. The impact of an OPEC boost will be muffled by the fact that the U.S. produces almost 60% of its oil, and most domestic oil is still under price controls...
...shock that could turn sluggishness into recession could come from another big hike in world oil prices by the Organization of Petroleum Exporting Countries, which has scheduled a price meeting in Qatar for Dec. 15. Last week talk swirled around the world that OPEC might post only a small interim increase (5% or so) or even delay any rise until next year. Oil-burning countries can only hope that OPEC does hold off. The U.S. State Department, which has been waging an unusual public campaign to forestall an oil increase, warns that a 15% boost would cut a full percentage...
Data Resources, Inc., a Lexington Mass., consulting firm, has worked out-what impact oil-price rises of varying sizes would have on the U.S. economy Its computer studies indicate that a 10% hike would have only a "marginal" effect, because the nation still has price controls on almost all of the oil that it produces. A 25% boost would lower real gross national product by .7%, or $9.1 billion, by the end of 1978-enough to slow the recovery measurably...
...company and the Air Line Pilots Association have since pared the list of demands to around 150. Money is no longer a major stumbling block. The company has offered a 35% hike over three years, retroactive to Nov. 1, 1975 It would raise the pay of senior captains flying Continental's Boeing 727s from $47,364 to $66,600 a year, plus more than $14,000 in benefits; salaries of senior DC-10 captains would go from $58,248 to $79,200, plus more than $20,000 in benefits. The key problem is that the pilots also want...