The price of oil in a world of equals

Whether the price of oil is too high or too low depends on the point of reference being used. The industrialized countries want oil producing countries to think that the price is high, but today it is lower in real terms than it was 20 or 30 years ago. Meanwhile we cannot afford to overlook the real...

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Bibliographic Details
Published in:Foresight (Cambridge) 2000-08, Vol.2 (4), p.375-378
Main Author: Frias, Hugo Chavez
Format: Article
Language:English
Subjects:
Democracy
Industrial Societies
Inequality
Petroleum Industry
Political Attitudes
Prices
Social Responsibility
Online Access:Get full text
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Summary:Whether the price of oil is too high or too low depends on the point of reference being used. The industrialized countries want oil producing countries to think that the price is high, but today it is lower in real terms than it was 20 or 30 years ago. Meanwhile we cannot afford to overlook the reality that inequalities between the richest and poorest nations are deepening and the fact that the poorest people in the world are struggling for survival. In considering our future path, we need to fight for a world of equals. That means being tolerant of the views and beliefs of others, for example in differing concepts of democracy. At the same time it means accepting responsibility for problems which face everyone, for instance concerning the environment.
ISSN:1463-6689
1465-9832
DOI:10.1108/14636680010802780