Word: disarray
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Dates: during 1970-1979
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...Caracas gathering itself revealed a cartel in deepening disarray over how to cope with the topsy-turvy world of petroleum. The yearlong production cutbacks in Iran have tightened supplies and stirred chaos in oil markets everywhere. Cartel members such as Algeria, Libya and Nigeria have been ignoring official OPEC price lists. Iran has been dreaming up gimmicks to lift the cost of crude under contracts already signed at lower prices. The favorite tactic: requiring customers to buy at least some oil at up to $45 per bbl. Customers who balked have been threatened with loss of their long-term supply...
With OPEC in disarray and vulnerable, bold action by oil-importing nations to cut their dependence on foreign petroleum cannot be easily countered by cartel members. Operating through OPEC, their monopolistic, price-propping has placed an enormous and continuing burden on oil consumers everywhere. Economist Otto Eckstein, president of Data Resources Inc., estimates that OPEC'S policies have been bloating the world's oil bill by $40 billion to $60 billion a year. Says he: "We need that cartel like we need a tourniquet around our necks. Any form of free competition is going to lead...
That seems unlikely. The uproar over his Iranian observation was the latest in a series of mishaps that have troubled the start of his campaign. He entered the race earlier than he had planned, with his organization in disarray, but under the glare of constant publicity. From the start he had trouble dealing with abstract questions such as his idea of how to assert leadership. He explains: "There is a problem moving from the day-to-day life of a Senator, where you are involved in the details of legislation, to a campaign, where the expression of issues is quite...
...Beatles fell prey to divisiveness, disarray. The Rolling Stones traveled fast, turned gangrenous. The Who kept its distance, stayed strong by staying stubborn, contentious. Buoyed by the great breaking wave of British rock during the '60s, the group managed to swim clear. "We've sometimes been able to hide behind bands like the Beatles and the Stones, who got so much flak," Townshend says. "Yet we were significantly stronger than other contemporaries. Stronger in live performance, for example. And much more daring with material...
...truth was that when Miller left the Fed in August to become Carter's Treasury chief after the summary axing of Blumenthal, the Fed's monetary policy was in disarray. So strong has been the resulting expansionary momentum that even as investors and financial markets were reeling last week from Volcker's abrupt shift in Fed tactics, the central bank itself glumly announced that money growth for the previous week had been a too robust $2 billion. That was anywhere from two to four times what had been expected...