Tuesday, May 1, 2007

Comments from IEA economist at OTC

HOUSTON (Dow Jones)--Citing a variety of factors that mitigate high prices inenergy-consuming nations, the chief economist for the International EnergyAgency said Tuesday that high prices are having a diminishing impact on energyconsumption. "We are going through a major structural change in which the role of pricewill be less and less," said Fatih Birol, chief economist for the IEA, aParis-based watchdog for energy-consuming nations.

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