14  One might question whether significant price trends can reasonably be anticipated for a storable commodity like oil. The price of such a commodity should reflect expected demand and "anticipated" increases should be limited to approximately the cost of storage, including the nominal interest rate.
*  *  *  Introduction Distinguished guests, participants, observers, ladies and gentlemen, thank you for inviting me to address the 16th Asian Credit Supplementation Institutions Confederation Training Programme. I am informed that it is the first time that such training is held in Papua New Guinea.