VOL. XLVII
No 09
01-March-2004
OPEC
US Concerned At High Oil Price, Says Abraham
The US is concerned about the effect of the continuing high price of oil on the countrys economy, Energy Secretary Spencer Abraham said on 26 February in testimony to a House Appropriations subcommittee. He said OPECs $22-28/B price band had been largely exceeded every single day for quite a long time. Obviously, that price concerns all of us. Commenting on OPECs decision at the Algiers meeting on 10 February to cut...
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