Word: opec
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Dates: during 1990-1999
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...commercial interests rely heavily on Peru and Ecuador. Conflicts in Panama and Kuwait threatened the purses of this country's wealthy and powerful, thus thousands of Americans flew in to make business safe again. Though Ecuador can claim membership in OPEC and some very rich oil reserves, those veins of black gold aren't anywhere near the fighting and are too small to mean much...
...Taurus. Glen Gebhard. Hector Hevodidbon. Michel Assaf. During an infamous career that spanned two decades, Ilyich Ramirez Sanchez used all those names. But the public knew him as Carlos the Jackal, the moniker that best evoked his ruthless, predatory spirit. As he boldly declared in 1975 while holding 11 OPEC ministers hostage in Vienna: "To get anywhere, you have to walk over the corpses." His image is frozen in time in crude black-and-white photos of a pudgy face that seemed menacing in its banality and came to symbolize the world of mercenary terror. But last week as Carlos...
That December, Carlos staged his single act of world-class terrorism: the raid on OPEC headquarters in Vienna, where 11 ministers were taken hostage and three other people were killed. He introduced himself to his captives with the words, "I am the famous Carlos. You will have heard of me." He tortured one hostage by shooting him in the hand, knee and stomach before finishing him off. Midway through the operation, Carlos canceled plans to assassinate two of the ministers when Algeria brokered a monetary deal in exchange for their lives. Haddad was furious, and their relationship cooled...
After a 20-year manhunt that fanned across Europe and the Middle East, one of the world's most wanted terrorists was arrested in Sudan and flown to France. Ilich Ramirez Sanchez -- a.k.a. Carlos the Jackal -- masterminded the kidnapping of 11 OPEC ministers from a Vienna conference hall in 1975. He is also linked to a 1982 Paris bombing that killed one person and wounded 63, and to the fatal shooting of two French counterintelligence agents...
...down from a March high just over $21 and the lowest in 3 1/2 years. The immediate reason was that the 12-nation Organization of Petroleum Exporting Countries, meeting in Vienna just before Thanksgiving, could not agree on a plan to cut production. Output from non-OPEC sources is rising too, and there is a possibility that United Nations sanctions against Iraq will be eased, allowing some Iraqi oil to flow abroad again. All that adds to a heavy surplus of supply over demand...