Guzzle, Guzzle, Guzzle

June 1976
National Review;6/25/1976, Vol. 28 Issue 23, p666
This article reports on a meeting in Bali, Indonesia, in June 1975 held by members of the Organization of the Petroleum Exporting Countries (OPEC) where they agreed to freeze the price increases in petroleum products. Saudi Arabian petroleum minister Sheik Ahmed Zaki Yamani succeeded in preventing the price increase sought by Iran and Algeria. The 13 OPEC members disagreed on two issues. According to Indonesia's mining ministers Muhammad Sadli, the present prize freeze will continue until December 15, 976.


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