Word: quotas
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Despite the Saudi advantage, Venezuela tried unsuccessfully to challenge Saudi dominance of the world oil market in the 1990s, exceeding its OPEC quota of 2.3 million barrels per day (MBD) and attempting to rapidly increase production. The Saudis increased their own output by 1 MBD and caused the price of oil to collapse in 1998, causing Venezuela to give up and return to its quota...
...Since 9/11, flight crews have often had to go through screening alongside passengers, and are even pulled aside for special searches. The pilots call it "gate-rape"; many claim that screeners target them because doing so is an easy way for them to meet their quota of random searches and because screeners know crews will be punished by their airlines if they complain...
...Steeled Nerves European Commission President Romano Prodi announced a package of tariffs designed to protect European steel producers in the wake of surcharges decided by the U.S.E.U. tariffs of between 14.9% and 26% will apply only to imports beyond a certain quota and will be in effect for six months. Imports from developing countries will be exempt. "Unfounded, unnecessary and unfair U.S. action has forced us to take temporary steps to look after E.U. industry and E.U. workers," said trade Commissioner Pascal Lamy. E.U. officials said they feared a 15 million-ton surge in steel imports blocked by planned...
...Number of whales Japan will hunt annually for "science research" under its newly enlarged self-set quota...
...Caspian countries have until June 20 to set up a long-term survey program and to boost their efforts in combating illegal harvesting and export, as well as in regulating their domestic trade, which also includes sturgeon meat. The 2002 export quota will be 9.6% lower than the 2001 levels, totaling some 142 tons of caviar from five sturgeon species. The legal trade is estimated at about $100 million a year - a figure believed to have been dwarfed at least 10 or 12 times over in recent years by the illegal catch in the four former Soviet republics...