VOL. XXXV

NO. 14

6-JANUARY-1992

Oil Prices

Moore Predicts $24 Oil Price Through the Decade

Mr. Henson Moore, the US Deputy Energy Secretary, announced on 30 Decemberthat he expects oil prices to hover around $24/B through the decade ininflation-adjusted terms, and that he does not anticipate short-term shortagesin world oil supplies. He told reporters in Washington that "there is asubstantial supply of oil in the world today," adding that the favorablesupply conditions result from two factors: "a...