In the U.S., consumer prices were rising at an 8.5% clip, while inflation rates in other nations were often much higher. The demand for Middle Eastern oil had been increasing throughout the industrialized world and the needs of these countries grew far faster than production. OPEC was growing stronger and it was determined to increase its share of the profits...
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OPEC was growing stronger and it was determined to increase its share of the profits. President Nixon, as part of his ill-fated price control program, had slapped controls on oil in March 1973. The U.S., which had been self-sufficient in energy as recently as 1950, was now importing some 35% of its energy needs...
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got Those Opec Blues Again" And "rational Exuberance However, the numbers are extraordinary. The Gross Domestic product surged at an annual rate of 4.8% in the third quarter of 1999. The employment cost index, which measures total compensation paid to workers in a broad sampling of jobs, rose by 3...	3 / 765
U.S. Monetary Policy and What the Federal Reserve The Federal reserve "views labor costs as the most important source of inflation, both because labor costs amount to more than two-thirds of total costs and because they can feed a self-perpetuating spiral of higher prices and higher wage demands...	2 / 442
OPEC Reserves It analyzed almost all the markets in the world and discussed their demands on oil production. It was also interesting to hear that OPEC increased its ouput in order to help the markets that are hurt by the high oil prices, such as the United States...	2 / 384
Oil Soars This article was published in the Wall Street Journal on Wednesday, November 5th. The article was found in the “Money and Investments” section on page “C9”...	2 / 308