OPEC squeeze.Skyrocketing gasoline prices cited in the March 8 story, "No Relief in Sight--Supply Cited in Gas Cost, but Dilemma Is Demand," are primarily due to the success of the OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its oil cartel Noun 1. oil cartel - a cartel of companies or nations formed to control the production and distribution of oil OPEC, Organization of Petroleum-Exporting Countries - an organization of countries formed in 1961 to agree on a common policy for the production and sale in squeezing off production. Tens of billions of dollars are leaving the American economy and ending up in the hands of dubious Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman. regimes and others. Incredible as it sounds, the U.S. government is actively supporting the Organization of the Petroleum Exporting Countries. Iraq is a member of OPEC. The Bush administration should immediately take Iraq out of OPEC. After all, cartels and monopolies are illegal under American law and violate all principles of free enterprise. Carl Olson Chairman State Department Watch, Woodland Hills How to reach us LETTERS Please keep your letters brief. Include your name, address and daytime phone number on all submissions. We reserve the right to edit letters for brevity Brevity Adonis’ garden of short life. [Br. Lit.: I Henry IV] bubbles symbolic of transitoriness of life. [Art: Hall, 54] cherry fair cherry orchards where fruit was briefly sold; symbolic of transience. and taste. Send to Editor, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036 FAX: (323) 549-5255 E-mail: letters@labusinessjournal.com |
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