In the current situation, it takes intestinal fortitude to pronounce that high and growing energy prices is good and that they should be allowed to continue.
The Secretary General of the OECD believes that reducing consumption is of utmost importance and that the short-term economic downturn should not be allowed to interfere with the work to get consumption down.
An important announcement, albeit not an easy one to deliver.
Angel Gurría should be congratulated!
Onésimo Alvarez-Moro
See article:
The soaring cost of oil is welcome as it sends a clear signal to consumers and firms to curb their use of fuel, the head of the OECD has said.
Speaking at the annual meeting of the world's richest nations, Angel Gurria said it would be "disastrous" if they cut fuel taxes or subsidised prices.
"The best solution to high oil prices is high prices" to cut demand, he said.
OECD members are trying to agree plans to tackle climate change and lessen the effects of the world financial crisis.
See full Article.
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