Word: supercartel
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Long before that ultimate day of reckoning comes, however, the oil-burning nations face an immediate threat. The coming winter may be severe, boosting fuel usage and heating bills. And this week the Organization of Petroleum Exporting Countries, the 13-nation supercartel that quintupled world oil prices between October 1973 and September 1975, is expected to push them up another notch, effective Jan. 1. Every percentage point of increase will translate into higher inflation, slower economic growth and fewer jobs around the industrialized world...
| 1 |