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...
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