"Venezuela will likely remain in high gear through 2005."
--Jose Cerritelli, an analyst for investment bank Bear Stearns (The Miami Herald)
"We are facing a significant increase in oil prices that can speed up monetary restriction in industrialized economies."
--Nicolas Eyzaguirre, Chilean finance minister (Economia y Negocios)
"Security is in the hands of producing and consuming countries alike: That responsibility is not incumbent only on countries with the largest oil and gas reserves."
--Ali Rodriguez, president, Petroleos de Venezuela (El Universal)
"If the price of oil goes up, production always follows."
--Yves Grosjean, general director of Total Austral in Argentina (El Clarin)
"We have nothing, really, to fall back on."
--Robert Ebel, director of the energy program at the Center for Strategic and International Studies (Associated Press)
"We are consuming our reserves at a speed that is greater than we can replenish."
--Luis Ernesto Mejia, Colombia's energy and mines minister (EFE)
"Oil prices will affect inflation expectations and domestic interest rates."
--Nathan Blanche, economist at Tendencias Consultoria in Sao Paulo (Bloomberg)
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|Title Annotation:||Radar; prices and rates of petroleum|
|Article Type:||Brief Article|
|Date:||Dec 1, 2004|
|Previous Article:||Opening soon.|