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Santo Domingo.- The government will officially announce mid-week an ample energy contingency and saving plan to reduce the expected economic impact that the rise to US$75.00 per barrel of petroleum is expected to have on the local economy. 

The plan has been designed by technicians from diverse State entities, under the coordination of the Industry and Commerce Ministry. 

Among elements especially pointed out by the plan is the necessity to keep a check on the exchange rate, to avoid a major impact on fuel costs. 

Also intended is to promote approval in the Congress of the Renewable Energy Law that was subject to study by a joint commission of senators and deputies. 

The entrepreneurial sector and legislators from the different political isles have requested of Chamber of Deputies president Alfredo Pacheco to place the topic into agenda this week.

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COMMENTS
1 comment(s)
Written by: Juan Jimenez, 24 Apr 2006 9:05 AM
From: Santo Domingo
Get the peso to $25...

Get rid of the IMF...

Lower energy costs...

Implement Brazilian energy ties....develop cane ethanol

Import Brazilian cars...

Brazil is energy independent...so can the DR...

The Brazilian currency is going up....the US Dollar is going down....diversify away from the dollar...

The DR needs to follow Brazil not the US...
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