WPR Cited in Spain’s Largest Newspaper

El Pais, Spain’s largest newspaper, in a sidebar to an article on the recent OPEC meeting, quoted a recent piece by Frida Ghitis on the consequences of high oil prices for states that subsidize fuels. Here’s a translation of the sidebar: The Paradox of High [Oil] Prices It is unquestionable that high petroleum prices benefit producers. Yesterday’s statements by the Iranian president and the lack of interest in increasing production shown by OPEC members make that clear. Nevertheless, some experts warn of unpredictable consequences for those countries that, like Iran and Venezuela, subsidize fuels. The more oil prices rise, the […]

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