August 29.
The question of the viability of O.P.E.C. hung over intense negotiations among its members, since their meeting in Vienna on August 26. They finally reached an agreement authorizing its members to increase oil production to maintain normal world supplies. The result was to increase O.P.E.C. output by four million barrels a day, almost all of the production lost to the embargo of Iraq and occupied Kuwait. The decision to lift production quotas was supported by ten of the thirteen members. The dissenters were Iraq and Libya, which boycotted the meeting. Iran attended but was a major opponent of the agreement.
To the delight of the industrialized world and Louis Visconti, oil prices dropped sharply on the news to slightly below twenty-six dollars a barrel. To his further delight, he received a call from Phillip, informing him that he had succeeded in convincing his stepfather of his change of heart.
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THE TAINTED TRUST (Volume 2 of The King Trilogy)
Mystery / ThrillerNo one wept when Jim Servito died. He left an estate amounting to $325,000,000 when his wife, Karen killed him in Caracas. He had accumulated the fortune the old fashioned way: he stole it from the U.S. and Canadian Governments using a brilliant and...
