16 January 2001, 10:28 US' Richardson warns deep oil cut to harm world economy
London--Jan. 15--Outgoing U.S. Energy Secretary Bill Richardson
reiterated that the U.S. hopes OPEC oil ministers will not cut production
at their meeting in Vienna Wednesday, saying current oil futures prices in
New York of about $30 per barrel are "inflationary and not good for
anybody." However, Richardson said he expects OPEC to cut output, though
he warned that a deep cut would send prices spiraling and harm the world
economy.
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