Word: mani
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Dates: during 1980-1989
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...bbls. a day to 4 million bbls. with the aim of forcing rival oil producers like Britain to cut back to make room for the Saudis. But when competitors refused to budge, the world's oil glut rapidly increased and discounting became rampant. "The price war is here," said Mani Said al-Oteiba, Oil Minister of the United Arab Emirates, in February...
...Chicken wings are a better deal than pizza," says Marc E. Mani '90, Chao's floor mate in Masachusetts Hall. "It seems you pay a lot for pizza and you just don't get that much. [Pizza] is just not as substantial...
While that statement heartened U.S. oil drillers, along came a more dire forecast by Mani Said al-Oteiba, the Oil Minister of the United Arab Emirates. He declared OPEC--the Organization of Petroleum Exporting Countries--to be in disarray and predicted that prices could fall as low as $5 per bbl. His remarks helped send the price of West Texas Intermediate, a benchmark crude, tumbling to $9.75 per bbl. Tuesday on the New York Mercantile Exchange...
...even though demand for its oil is only at 15 million bbl. As a result, prices are plunging while the countries wait to see which one will be the first to blink. The standoff could bring months or even years of rock-bottom energy bills. Says Mani Said al-Oteiba, Oil Minister of the United Arab Emirates: "The price war is here." Adds Constantine Fliakos, senior petroleum analyst at Merrill Lynch: "It's a case of everyone for himself...
Last week's meeting had hardly got under way when it ran into trouble. Nigerian Oil Minister Tam David-West sparked an uproar by discrediting a report prepared by Mani Said al-Oteiba of the United Arab Emirates. The study came from a committee that attempts to find out which OPEC members are secretly exceeding their quotas or selling at discounts from official prices. Financially strapped Nigeria is one of the suspects. Oteiba stormed out of the conference, telling reporters that David-West "is stabbing OPEC in the back by defying our pricing structure...