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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ralph W. who wrote (81928)3/17/2001 4:55:39 PM
From: Haim R. Branisteanu  Read Replies (2) of 436258
 
Some economists, and even oil executives, have said OPEC should
lower its target price to ease the pain from current energy costs,
particularly in emerging economies. OPEC disagreed, citing a
collapse of Asian economies in 1997 and 1998 while oil prices
were lower than they are today.

`Fragile' Economies

``Those consumer countries are in a fragile situation not because of
the oil price situation but because of monetary and fiscal policies
that have been put in place by those countries,''

............... While Western governments complain of high oil prices, OPEC
nations counter that importing countries should slash energy taxes.

how convienent to blame others


quote.bloomberg.com
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