Word: profiteering
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...from a lack of surplus capacity that makes us vulnerable to the slightest production cutback by the Organization of Petroleum Exporting Countries (OPEC). The oil companies have no incentive to develop enough oil outside OPEC to ease the threat of shortage. As long as demand doesn't change, they profit the most by cooperating with OPEC and keeping supply tight...
...soaring profits of the private oil companies certainly deserve examination. But the question should be whether the price is high enough to stimulate conservation and whether the profit is being put into exploration, for only if the U.S. saves and produces more energy can it ease OPEC's monopoly power...
...that there were a lot of short sellers in Lukens Steel. I was sure that the stock would rise, but I didn't have the money to pay for it. I bluffed my broker into buying 1,500 shares. Three days later I sold it for a profit of $10,210.'' Canizaro...
Through other trades, he swelled his market stake to six figures. ''But the stock market was a little slow for me. Man, I thought I could do better in commodities. In commodities you make a profit, then you buy more, you pyramid. I was shorting wheat like crazy when Eisenhower landed Marines in Lebanon. Everybody bought wheat, and it soared. I lost all my $100,000.'' Canizaro...
...city in exchange for the Canal Place site. He got financing from New York and Iran's Bank Omran. After the Shah fell, Canizaro bought out the Iranians. Now he is negotiating with French financiers to become partners Already the first Canal Place building promises to return a profit of $1 5 million a year. Major tenants are moving in: South Central Bell, Brooks Brothers Coopers & Lybrand. For the next buildings, Canizaro has signed up Britain's Trust Houses Forte to put in a 500-room luxury hotel and made a deal with Saks Fifth Avenue to open...