Watching Government: Timely dialogues

09/30/2002
Policy-makers from nearly 70 countries attended the 8th International Energy Forum in Osaka Sept. 21-23. Organizers planned the meeting 2 years ago, but the timing of the discussions between oil producing and consuming countries, could not have come at a more critical time.World oil prices skirted $30/bbl in late September, a 19-month high, spurred partially by market concerns that a conflict in Iraq may throw the entire oil-rich Middle East into chaos. OPEC decisionOn the eve of the summit, the Organization of Petroleum Exporting Countries decided to keep its production quotas at current levels, despite fears from the US and other big customers that high oil prices may retard global econ...
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