On the eve of Carter's energy message, another oil price shocker
It could not have come at a more delicate time. As the oil ministers of the 13 members of the Organization of Petroleum Exporting Countries gathered in Geneva for a specially scheduled policy review session, the U.S. President was not only wrapping up an Egyptian-Israeli peace agreement that is bitterly opposed in much of the Arab world, but he was also preparing to announce some energy measures that would stress increased domestic oil production to reduce the nation's perilous dependence on the OPEC cartel. Throughout the industrialized world, meanwhile, governments were...
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