US Treasury chief: no 'quick fix' on oil Sunday June 1, 8:13 am ET
US Treasury Secretary Henry Paulson says he sees 'no quick fix' to high oil prices
DOHA, Qatar (AP) -- U.S. Treasury Secretary
Henry Paulson says there is "no quick fix" to high oil prices because
it is an issue of supply and demand. "I don't see a lot of short-term
answers" on high oil prices, he told reporters Sunday during a visit to
the tiny Gulf nation of Qatar. There is "no quick fix." On other
issues, Paulson said it was up to Gulf countries currently struggling
with high inflation whether they wanted to de-peg their currencies from
the dollar. He called it a "sovereign decision."
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