Editorial: Two futile agendas

For the International Energy Agency, conflict with the Organization of Petroleum Exporting Countries comes naturally. IEA began life as a response to the targeted export embargo by Arab oil-producing countries in 1974. Old controversies die hard, especially in the international offices they spawn.So there was no surprise in a clash between IEA Director Robert Priddle and Saudi Oil Minister Ali Al-Naimi late last month (see Watching the World, p. 33). Al-Naimi complained at a Paris conference about the high oil taxes of some industrial countries, which he accused of encouraging "petrophobia." In response, Priddle defended oil taxes and complained about OPEC efforts to support the price of ...

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