Word: opec
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Dates: during 2000-2009
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...money, according to George Perkovich of the Carnegie Endowment for International Peace. "They don't want to alienate the Iranians politically, and they don't want to lose business in nuclear exports, arms exports, and so forth," says Perkovich. "Perhaps as important, Russia has a desire to create an OPEC for natural gas, which is only possible with close Iranian-Russian cooperation. They don't want to jeopardize that, either...
Still, Trumpf uses its U.S. operations as a springboard not just to the American market but also to Asia, where it exports part of its U.S. production. "Russia is going well, so are OPEC countries," she says. "But we also believe in the American economy." While the world tries to figure out just how critical the U.S. is, keeping your eggs in a lot of different baskets may be the best strategy...
...disappeared there and now it's Japan," Leibinger-Kamm?ller says. Still, Trumpf uses its U.S. manufacturing operations as a springboard not just to the American market but also to Asia, where it exports part of its U.S. production. "Russia is going well, so are OPEC countries," she says. "But we also believe in the American economy." While the world tries to figure out just how critical the U.S. is to future growth, the strategy of keeping many eggs in a lot of different baskets may turn out to be very shrewd...
...East Coast," says Irene Haas, an energy analyst with Canaccord Adams in Houston. Haas also points out that an additional 1.5 million barrels of daily oil production is slated to kick in this year from countries such as Angola, Azerbaijan, Brazil and Canada; that much new oil from non-OPEC nations hasn't hit the global pool in three years, and it should easily counteract the production cuts OPEC is planning. The extra capacity also means oil traders may be less inclined to bid up prices at the first signs of political turmoil in hot spots around the world. "What...
...complex and seemingly intractable problems. The cold war had grown even chillier after the Soviet support of the abortive October 1973 Arab attack on Israel. Then there were the agonizingly slow withdrawal of U.S. forces from Vietnam, high inflation coupled with rising unemployment, and the aftershocks of the OPEC-engineered oil crisis of 1973. Given all that, just how common did Americans want their President...