61. Abraham said the Bush administration will make the argument to OPEC leaders that the supply and demand of the market should determine price, not cartel manipulations. 62. Although the government will let market forces determine oil prices, it will try to limit the upward pressure, Varathep said. 63. Economists say that in international finance, the reflexive interaction of independently given demand and supply that determines prices renders the market inherently unstable. 64. He repeated the U.S. view that market forces should determine oil prices, but said prices were now too high. 65. He said at the moment, the Government would let market forces determine the price instead of making it a controlled item. 66. However, as it is moving towards a disclosure- based regulatory framework, prices are now determined by the primary market by underwriters. 67. Its size could determine prices over the longer term, the company adds. 68. National officials say the prices are being determined by local blood centers. 69. Subramaniam said the RRP requirement was not a move to control the prices of foodstuff as the price is determined by the industry and not his ministry. 70. The judicial system must decide whether he did and determine the price he must pay. |