PARIS (AFP) - The head of the International Energy Agency (IEA) criticised OPEC for setting a target price of around 70 dollars per barrel, saying in an interview published Tuesday that it would hit the poorest hardest.
"The market is clearly aware that OPEC has set itself a new implicit price target or a new price band of around 70 dollars (51 euros) per barrel and that the organisation will endeavour to defend this level," Claude Mandil told Arab Oil and Gas review.
"I deplore this, because it is a factor that could, whatever people often say, weigh on world economic growth and which represents a very heavy burden for the poorest people and the poorest countries," he added.
Prisca Sapientia, Science in Cryptomnesia, Dissident and Heretical Natural Philosophy, Abiotic Hydrocarbon Origin, Infinite Oil, The Cold Mantle, Expansion Tectonics, Pacific Biogeography, Euclidean Geometry, Electric Universe, Electromagnetic Gravity, Colliding Worlds, The Birth of Venus, The Reversal of Retrograde Rotation, Catastrophism, Global Pyramids, Atlantis In Antarctica, Extreme Human Antiquity, Ancient Technology, Giants and Dragons, Alien Astronauts, & Intelligent Design
Tuesday, August 28, 2007
OPEC Sets Oil Price @ $70
OPEC policy will hit the poorest hardest, says IEA chief
No comments:
Post a Comment