71. For the moment, world crude prices are steady, and OPEC has toned down its calls for Russian cuts. 72. Foreign observers agree that the prediction is realistic even if world energy prices soften somewhat. 73. Foreign analysts in Kazakhstan agree that trouble is on the way, but they lay the blame not on government policies but on a drop in world commodity prices. 74. Given its vast capacity, it could manipulate the world price by adjusting output. 75. Global economic troubles hit Mexico early in the year, when world prices for basic commodities including metals, grain and oil began to plunge. 76. He enacted a National Energy Program to put strict controls on domestic oil prices at a time when the world price for oil was soaring. 77. He said the United States, as the leading importer of oil, would be the main beneficiary of cheap world prices. 78. He said their equipment was so antiquated that unless world metal prices rose sharply the foreign investments needed to make them competitive were unlikely to be obtained. 79. High world grain prices also encouraged farmers to devote more land to wheat, corn and other crops. 80. High world commodity prices have also boosted export income. |