Word: outputted
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Greene, whose prolific output of thinking man's thrillers has taken him to many places as confused as Central America, should have known better than to take the words of Ortega and Marcial at face value. But they are not the point of the book. While Getting To Know The General is dedicated to "the friends of my friend, Omar Torrijos," its real goal is to eulogize the Panamanian leader. To the list of the General's accomplishments, not the least of which was setting Panama on the road to becoming only the second Central American nation to form...
...shore up sagging prices, OPEC aims to cut output...
Saudi Arabia, OPEC's biggest producer, took the brunt of the group's 1.5 million bbl.-per-day cutback. The Saudis agreed to reduce their output limit by 647,000 bbl. a day, to 4.4 million bbl. More important, Sheik Ahmed Zaki Yamani, the Saudi Oil Minister, promised to trim production even further, if necessary, to hold the line on prices. Other OPEC members, except Nigeria and Iraq, grudgingly accepted reductions of about 9% each. Two non-OPEC oil producers, Egypt and Mexico, whose petroleum ministers attended some of last week's sessions as observers, promised...
...price cut would produce a $ 1.1 billion drop in an annual oil income of $15 billion. Thus Mexican officials accompanied Yamani on his travels last week even though their country is not an OPEC member. Yamani announced that both Mexico and Egypt said they would cut their own output in support of OPEC's plan...
...this year. While most OPEC members believe the approach of winter and the seasonal demand for heating oil will help bail them out of this crisis, they are likely to face another problem in the spring, when demand falls off. Even if OPEC agrees to tighter output quotas, many members may continue to flout those limits. "When we make a commitment, we must keep it," says Algerian Oil Minister Belkacem Nabi. "Those in OPEC who don't respect their promises have done us much harm...