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Politics : Rat's Nest - Chronicles of Collapse

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To: Wharf Rat who wrote (824)	7/7/2005 11:13:10 AM
From: Wharf Rat	Read Replies (1) of 24223

Indonesians Queued at Gas Stations All Associated Press NewsJAKARTA, Indonesia (AP) - July 07, 2005 03:12 AM ET Indonesians queued for hours at gas stations across the country Thursday as fuel shortages began to bite amid calls by the president not to panic in the face of what he called an "energy crisis." With global oil prices at record highs, state-owned oil company Pertamina has been unable to meet the soaring demand for fuel sparked by a strong economic recovery in Indonesia. Long lines occurred at stations in many towns across the archipelago Thursday, local TV footage showed, with some reports saying the price of premium gasoline had spiked by 500 percent. "I call on all people, please don't panic...because we will fulfill the people's fuel consumption (needs) while we search for the formula to solve the energy crisis," President Susilo Bambang Yudhoyono said late Wednesday. Other government ministers have called for fuel reduction measures, but it is unclear how they will be enforced. Although Indonesia is the sole Southeast Asian member of the Organization of Petroleum Exporting Countries, falling investment in oil exploration and extraction in the country has reduced output in recent years and made the country a net crude importer for several months in 2004. © 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed news.moneycentral.msn.com

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