Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

EUs Piebalgs Presents Five-Point Plan To Combat High Oil Prices

The European Commission on 6 September discussed a five-point plan presented by Energy Commissioner Andris Piebalgs aimed at combating the effects of high oil prices on EU citizens and economies. The commissions energy policy has for some time now focused on a series of measures to react to the high oil prices. However, given current prices and the negative effect that...