Business: Rip-Off Time Once Again

Here comes OPEC, ahead of schedule

Now that those mile-long gasoline lines are evaporating and Government officials are cautiously speculating that there may be enough heating oil to go around next winter, is the petro-squeeze of 1979 coming to an end? Not if OPEC can help it. To keep the market squeaky tight and prices high, a growing number of oil-producing states are either cutting back on exports or threatening to do so.

They are also demanding more money for their already overpriced product.

A main reason is the renewed weakness of the dollar. At the cartel's June meeting, which lifted average crude costs...

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