VOL. XLIII

No. 14

3-April-2000

LETTER TO THE EDITOR

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

Dear Sir,

When US Energy Secretary Bill Richardson visited the oil producing countries before their meeting in Vienna last week to plead for a "substantial and timely increase in production" to bring prices down to a "more reasonable level," he stated, on several occasions, that "low oil prices are unhealthy at $10/B and high oil prices are unhealthy at $30/B" and that price stability was good...