OPEC AND OIL PRICES

Schlesinger Says Lower Prices Will Raise US Dependence 

Former US Energy Secretary James Schlesinger has said that the current collapse of energy prices is laying the basis for renewed US dependence on Middle Eastern oil and another energy crisis. Speaking in Washington on 5 March, Mr. Schlesinger said that for the US low oil prices, apart from possibly destabilizing countries such as Mexico, Indonesia and Egypt, meant cuts in output, a switch to oil from gas and...