We are still working through the Majatran Economic Association (MEA) seeking to avert an oil glut. Four of the five nations with the largest reserves of oil and gas are now in discussions in the MEA; however at this juncture it is much more likely that the MEA will successfully prepare to cushion the disaster for member states with grants and loans than take any concerted action to prevent the down turn in oil prices from turning into a Terra wide oil glut. Jumhuriat al-Badara does support the funding of the grants and loans in question.
We do note as something hopeful that two of those with the largest oil and gas reserves are reducing oil production significantly. Jumhuriat al-Badara will do the same; we will be reducing the planned barrels per day by 20% and the current amount by about 15%. We do regret the lack of coordination since our own knowledge is of oil production figures but not long term market fluctuation experience (or even expertise achieved by inward reflection). We could use some experienced leadership.
The first four effects we expect are 1) with less new money flowing into our nation, expansion of business will dwindle and some new business will experience a good deal of stress, 2) the initial downturn in production will be largely absorbed by Petroleum Development of al-Badara, the government corporation producing and selling oil, 3) Majatran Leasing Corporation and others seeking leases from the government to extract and produce crude oil will seek far fewer new leases, and 4) the government will be reviewing legislation to see that the safety net for the citizenry does not collapse as taxes collected are reduced.
We are taking responsibility for the consequences of the Free Radical agenda and will not allow any citizen to be a casualty of ideology.]
A contractual arrangement had been concluded between the 3M, the most experienced and successful producer and supplier of pharmaceuticals throughout Terra, and the Ministry of Health and Social Services on behalf of the government of Jumhuriat al-Badara. The government and the 3M have negotiated an appropriate monthly retainer fee allowing it to purchase any of the pharmaceutical products available for market price less an agreed upon discount.
The impetus on the part of the Ministry was the realization that the government which has the obligation to all citizens to fill prescriptions free of charge could meet the usual need for prescription drugs but that with greater contact with the rest of Terra, we were at risk of an outbreak of a medical emergency originating elsewhere but for which Jumhuriat al-Badara may well be ill prepared. Certainly this has happened elsewhere. In order to be prepared rather than caught in a camel race with no saddle, the Ministry consulted with the 3M and came to an agreement believed to be satisfactory to both.
With the agreement in place the Ministry is likely to address some other ongoing problems the most publicly discussed of which is the unhappiness of patients, physicians and pharmacies with the statin drugs supplied by drug suppliers both private and government owned. While we obviously need to control cholestorol levels; too many patients complain of side effects; the men more persistently. The CO - Q 10 many chiropractors suggest to offset this is so inconsistent in strength and added ingredients that it is not much help. Accordingly the Ministry will be looking to the 3M for a good statin based drug to purchase and make available. We believe many drug suppliers public and private want out of the cholestrol business because of the complaints.
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