Business: Facing OPEC: A Short Guide

Since the explosion in oil prices and the beginning of the downward drift of the industrial economies a year ago, there has been a proliferation of plans aimed at coming to grips with the energy crisis and the massive shift of wealth to the OPEC (Organization of the Petroleum Exporting Countries) nations' treasuries. Herewith a thumbnail guide by category to some of the major positions and proposals:


The U.S. Approach would have the major oil consumers confront the producing countries as a bloc. Basically an adversary approach, it assumes that non-OPEC oil production will gradually increase, and OPEC members will...

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