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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
US Energy Secretary, Spencer Abraham, has reportedly said that Opec was at fault ...
US Energy Secretary, Spencer Abraham, has reportedly said that Opec was at fault for the high fuel prices in the US. This conflicts with the comments made last week by Vice President Dick Cheney that the shortage of US refining capacity has caused the price increases. Abrahams said that the US needs to be more independent from foreign oil sources, and that the Bush Administration’s comprehensive national energy policy will be revealed next week. ‘Right now, with respect to gasoline, we’ve got a supply problem. Opec has reduced production that constrained supply, that raised prices.’
News Item details
Region: North America
Keywords: Oil price
Organisation: OPEC
Subjects: Trading, Oil markets, Refining, Transportation, Transmission and Distribution, Gasoline, Oil, Energy policy
