OPEC AND OIL PRICES
Baker Reaffirms US Commitment to Free Market Pricing
The US administration remains committed to a free-market approach to oil pricing despite the negative effect of lower prices on second quarter US growth, according to Treasury Secretary James Baker. Mr. Baker told a meeting of financial writers in New York on 17 June that lower oil prices are on balance "favorable for the US economy and the world economy .... but they are a possible reason for softness in...
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!