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G7, adapt to high oil prices
- Sunday, April 17 - 2005 at 08:50
Finance chiefs of the G7 nations are resigned to future high oil prices saying that the world must adjust to consistently high cost of energy, reported Reuters. Officials regard costly oil as one of the biggest risks to global economic growth. But US Treasury Secretary John Snow said that the G7 are preparing for an era of more costly energy and could handle recent rises that topped $58 per barrel.
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James McInerney, News EditorSunday, April 17 - 2005 at 08:50 UAE local time (GMT+4)
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