Both Uses of
OPEC
in
A Crisis of Confidence Speech by Jimmy Carter
- And this is one of the most vivid statements: "Our neck is stretched over the fence and OPEC has a knife."†
*
- Our excessive dependence on OPEC has already taken a tremendous toll on our economy and our people.†
Definition:
Organization of the Petroleum Exporting Countries - a cartel that attempts to control the prices of oil