Middle East Economic Survey
VOL. XLVIII
No 22
30-May-2005
Greenspan Sees Oil Market Under Strain Not Experienced For A Generation
US Federal Reserve Chairman Alan Greenspan said on 20 May that global markets for oil and gas had been subject to a degree of strain over the past year which had not been experienced for a generation. In a speech to the Economic Club of New York he observed: Increased demand and lagging additions to productive capacity have combined to eliminate a significant amount of...
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