The Taming of Black Gold

THE actions of the black gold are increasingly untamable. Last week, the world crude oil price broke a new recordat US$62.47 per barrel it was the highest in the past 25 years. To cushion its huge impact, the government of Susilo Bambang Yudhoyono must find various means. Many strategies must be implemented because the burden of BBM (fuel oils) subsidies due to the increase is colossal.

Finance Minister Jusuf Anwar calculated that at above US$60 p

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