The writer is the UAE’s ambassador to the United States
Forty years ago, I attended my first Opec meeting. It was my first time in a suit and tie, and I was 13. I was not happy; nor was my father, Mana Al Otaiba, then the UAE’s minister of petroleum and mineral resources.
It was 1986, and oil had collapsed to below $10 a barrel earlier that year. He had spent months pressing fellow Opec members to strengthen production quotas and restore price stability. News reports from that August conference in Geneva captured the mood. “We have a long way to go,” my father told reporters. “I am not that optimistic.”
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