VOL. XLIII

No. 10

6-March-2000

LETTER TO THE EDITOR

Middle East Economic Survey (MEES),

Dear Sir,

About a year ago world crude oil prices were at a nadir. Other than an ill-conceived complaint to the US Commerce Department by independent US crude producers, the consuming world was simply observing while the producing countries squirmed. Traders and pundits alike were expressing their disdain for and making prognostications about the death (once again) of OPEC. The good efforts of Saudi Arabia,...