TITLE

OPEC's Price Reduction

AUTHOR(S)
Singer, S. Fred
PUB. DATE
January 1979
SOURCE
New Republic;1/6/79, Vol. 180 Issue 1, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Focuses on oil crisis in the world. Reports that Organization of Petroleum Exporting Countries has raised oil prices almost 15 percent; View that the increase in price is depressing the demand for oil and encouraging conservation; Myth that oil imports are draining the U.S. economy and are causing inflation; Suggestion that if prices are permitted to move freely, then there cannot be an oil shortage, in 1983 or in 1988 or ever; Impact of the new energy legislation of 1978 on oil crisis.
ACCESSION #
14422208

 

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