Energy: Some Blunt Talk from OPEC

For 18 years Sheik Ahmed Zaki Yamani has been Saudi Arabian Oil Minister and Mr. OPEC. Just before leaving for this week's meeting of the oil cartel in Bali, Indonesia, Yamani sat down in his Riyadh office with TIME Correspondent Bruce van Voorst to discuss the energy outlook. Some excerpts from the interview:

Q. There was an oil shock in 1974 and another in 1979. Does the world now face a third one?

A. It depends on how you behave. Your storage tanks have been overflowing. If your oil companies act responsibly and start drawing down these stocks to head off unnecessary panic,...

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