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16 January 2001 10:28  US' Richardson warns deep oil cut to harm world economy


London--Jan. 15--Outgoing U.S. Energy Secretary Bill Richardson reiterated that the U.S. hopes OPEC oil ministers will not cut production at their meeting in Vienna Wednesday, saying current oil futures prices in New York of about $30 per barrel are "inflationary and not good for anybody." However, Richardson said he expects OPEC to cut output, though he warned that a deep cut would send prices spiraling and harm the world economy.
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