| By raising prices at this crucial point, OPEC could be choking off the economic growth needed to keep demand robust. |
| For the global community, the OPEC family of nations and the OPEC Fund, it was, indeed, also an extraordinary year. |
| To offset such a scenario, you might think OPEC would let prices drift lower, in order to spur economic growth that would soak up that excess crude. |
| The cutback was in line with the March 1999 agreement among OPEC member countries to curb oil production for a period of one year. |
| Grain shortages sent food prices soaring, and memorably, OPEC put the squeeze on oil. |
| The same applies to the quiet, unobtrusive work of the OPEC Fund as a multilateral development finance agency. |
