Nation: What It Will Cost the U.S.

Jobless may rise by 1.4 million

It was supposed to be the price rise that would somehow stabilize the chaotically climbing cost of petroleum on world markets. So much for wishful thinking. Instead of a single, stable price for crude, the 13-nation Organization of Petroleum Exporting Countries last week gave the oil-thirsting world its worst petro-gouging in more than five years. Rich and poor alike, the oil-importing nations are still struggling to recover from the recession that followed OPEC's huge price rises of 1973 and 1974. The latest assault, which is expected to...

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