Word: ordered
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Dates: during 1970-1979
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...there was not much that the seven could agree on to contain the damage. For the moment, at least, OPEC has the industrial world over a barrel. The summiteers decided to hold imports from the oil cartel at about their present levels, in order to limit the flow of cash from their countries and, just possibly, dissuade the OPEC leaders from piling on yet more price boosts when they meet again, in December at the latest. That done?and very little it was?the seven summiteers disbanded. Carter, after a weekend visit to the U.S. military front lines in South...
...basic situation: the cartel's 13 member nations are now pumping roughly 31 million bbl. of crude out of the ground each day, 2 million bbl. more than last year, but still 2 million bbl. less than nations want to buy in order to keep their factories humming. The shortage has set off a scramble that permits OPEC to charge almost any price its members wish; some U.S. officials fear that the cartel will ram through yet another 15% increase by year's end. The only way to head it off, say government leaders around the world (including OPEC leaders...
OPEC adds injury to insult when hardliners like Iran and Libya keep threatening to cut back production in order to prop up prices. Remarked one middle-of-the-road delegate: "You just cannot believe how greedy these Iranians have become. They think they have invented the wheel." One of the cartel's greediest leaders, Libya's strongman, Colonel Muammar Gaddafi, touched off a mini-panic on Wall Street at week's end. An Arab magazine quoted him as threatening to halt Libyan oil exports for up to four years and appealing to other oil producers...
Four vice presidents of Data Resources Inc. (DRI) quit their jobs this week and forced Otto Eckstein, Warburg Professor of Economics and president of the consulting firm, to return early from a trip to Japan and set the firm in order...
...Without a preliminary injunction, construction will continue during the trial," Sullivan said. "There is no chance a judge two years down the road when the subway is three-quarters built is going to say 'Hey you were right' and order construction stopped," he said...