VOL. XXXII

NO. 31

8-MAY-1989

OPEC/NON OPEC

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...