Word: opec
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Eventually, more than 200 million cu. ft. of water a day will gush through the 13-ft.-wide pipes, as much as is carried by a major river. Put another way, the Libyans will be pumping more than twice as much water a day as the present volume of OPEC's daily oil production. Some 2,500 miles of pipeline will stretch from the desert to the coast. The branches serving Tripoli alone will be more than 1,200 miles long, a distance roughly equal to that between Switzerland and Scotland...
Yamani said that his comments would anger some of his peers but that a majority of OPEC members were coming around to his thinking...
Calling for faith in the free market, the Saudi Arabian oil minister and representative to OPEC on September 4 told a packed audience that the oil cartel must strengthen itself for "price stability in the long...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...
Yamani said that his comments would anger some of his peers but that a majority of OPEC members were coming around to his thinking...