US Treasury chief: no 'quick fix' on oil
Economy
US Treasury Secretary Henry Paulson says he sees 'no quick fix' to high oil prices
DOHA, Qatar (AP) -- U.S. Treasury Secretary Henry Paulson said Sunday that there was no quick fix to high oil prices, which he called an issue of supply and demand.
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Paulson said inflation in the Gulf is "significant" but suggested that Gulf countries pegging their currencies to the weak dollar was not the only reason for it. He said it was a "sovereign decision" by each country whether it wants to de-peg its currency from the dollar.
