ANSWER: OIL PRICES WILL REMAIN HIGH
THE PRICE OF OIL IS BASICALLY POLITICAL, NOT ECONOMIC
AMY MYERS JAFFE, RICE UNIVERSITY ENERGY ANALYST: January 27, 2000, FOX NEWS NETWORK, SHOW: THE O'REILLY FACTOR Transcript # 012703cb.256 HEADLINE: Unresolved Problem: Inflation in Oil Prices
AMY MYERS JAFFE, RICE UNIVERSITY ENERGY ANALYST:
No. Listen, the price of oil -- there's no question the price of oil is political, right?
JAFFE: Well, if the King of Saudi Arabia can get together with the head of Iran and the president of Venezuela and they can decide that they can all sacrifice a little bit of sales to get the price higher, you and I are going to pay for that.
CURRENT OIL NATIONS HAVE BEEN ABLE TO KEEP THE PRICE OF OIL UP
EDITORIAL; Courier-Journal (Louisville, KY.) November 20, 1999, SECTION: FORUM Pg.06a HEADLINE: OPEC's back // ln-acs 12/18/99
The world's oil exporting nations, after years of bickering and cheating, have finally found the discipline to stick to production quotas. And the results, as staff writer David McGinty reported yesterday, are being felt right here, where some gas stations are selling a gallon of regular unleaded for as much as $ 1.37.