Indonesian Oil Minister Warns of Danger of Prices Rising too High
Indonesia's Mines and Energy Minister, Mr. Ginanjar Kartasasmita, haswarned that oil producing countries could suffer if they allow oil prices torise too high. In a statement to the press in Jakarta on 3 May, he said that"if the price of oil goes up to over $25/B, consumers will certainlyreduce their consumption and switch to substitutes." However, he noted thatit would be uneconomic for...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!