Britain’s Brown urges global action on oil prices
Thursday, May 29th, 2008Britain sought a slight increase in oil production from its North Sea fields on Wednesday, but Prime Minister Gordon Brown warned that only coordinated global action could help rein in spiralling oil prices.
A day after British truck drivers caused road chaos with protests against rising fuel bills, Brown said he understood the impact on families across the country but that only an international strategy could help bring oil prices down.
“A global shock on this scale requires global solutions,” Brown wrote in the Guardian newspaper, pledging to put international action on oil prices at the top of the agenda at the Group of Eight (G8) summit in Japan in July.
“In advance of the G8 summit, I will be proposing further work internationally to achieve a better dialogue on supply possibilities and trends in demand,” he wrote.