VOL. XLIV

No. 15

9-APRIL-2001

GENERAL

TO: The Editor, Middle East Economic Survey (MEES),

Dear Sir,

The presentation by US Secretary of Energy Spencer Abraham (published in MEES 26 March 2001) under the guise of dispelling certain energy "myths" unfortunately reasserts and perpetuates others.

First is the myth that the present economic slowdown in the US is due to high energy prices and that OPEC is responsible. If this were true, the economy would have started to decelerate in early 1999 when oil...