NO. 11



US Energy Secretary Says OPEC Will Not Succeed in Raising Oil Prices

US Energy Secretary John Herrington said on 12 December that OPEC attempts toraise world oil prices would fail and they would remain stable through the nextdecade. "In the short term, you may see reasonable efforts to get the priceup by OPEC but I think the bottom line is they are doomed to failure," Mr.Herrington told Israeli and US officials and academics in a lecture in Tel Aviv."I look...