VOL. XXXV
NO. 1
7-OCTOBER-1991
OPEC
OPEC's President Armas Criticizes European Energy Tax
OPEC President Dr. Celestino Armas, Venezuela's Minister of Energy and Mines,criticized the European Commission's proposed energy tax on 1 October, sayingthat it would lead to "a drastic fall in demand and a reduction in revenuesfor oil exporting nations." If adopted, the EC `environment tax' wouldincrease the price of oil by $10/B by the end of the decade as part of an effortto reduce the amount of...
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