OPEC AND OIL PRICES

Energy Economist Criticizes UK Price Policy 

A British energy economist, Mr. Alex Salmond of the Royal Bank of Scotland, has criticized British government oil policy and suggested that the UK should work towards stabilizing prices at around $20/B.

In an interview with the London Petroleum Review, Mr. Salmond suggests that the effects of the oil price collapse on the British economy have been "severely underestimated," and that a target price of $20/B is...