Word: opec
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...unsophisticated, maybe 80% plus, are beginning to put the Fed in the same class as OPEC. Both are pushing prices higher...
...rapidly you move toward the horizon, it is still the same distance away." Certainly the world oil supply cannot last forever. But our current problems stem from a lack of surplus capacity that makes us vulnerable to the slightest production cutback by the Organization of Petroleum Exporting Countries (OPEC). The oil companies have no incentive to develop enough oil outside OPEC to ease the threat of shortage. As long as demand doesn't change, they profit the most by cooperating with OPEC and keeping supply tight...
...COMPANIES understandably want to maximize their profits, but it is absurd for them to call this process "free enterprise" when a cartel controls the supply. A federal oil corporation can restore free enterprise to the industry, its proponents should argue. The public company could explore domestically, seek out non-OPEC foreign sources, negotiate with OPEC, and serve as a yardstick to force other oil firms to compete. In contrast to the competitive public outfit, the existing oil companies can be labeled monopolistic, centralized private bureaucracies. A private oil company is just as large and bureaucratic as a government agency; with...
This trillion-dollar capital market has won both ardent fans and impassioned opponents. In its defense, commercial bank ers note that the Eurocurrency market readily supplies investment funds for multinational corporations and provides the mechanism whereby the OPEC countries ''recycle'' their new riches to poor developing nations. OPEC'S leaders, ever fearful of placing too much money in any one country, prefer to keep their petrodollars in short-term Eurocurrency deposits free from the long arm of any government...
...OPEC funds are then lent out, often to impecunious oil importers...