The IEA - With a market meddling political narrative

Forget about the free market, when it is too expensive for us then prices must be fair - consumer solidarity.

Obsessive consumption growth at a buck-for-a-barrel price is, of course, the fault of Middle East suppliers.

We must be part of decision-making - always. Our role in the World cannot be at risk.

"It (The International Energy Agency, also known as IEA) articulated a realistic strategy for attacking the problems of price and supply and launched a series of major steps which together make up the elements of a comprehensive program".

What is your take on this?

Source: Press release 298, dated May 27, 1975

Secretary Kissinger

Credit: Library of Congress

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