NO. 46


Oil "Transparency" Is Frustratingly Opaque

by John Gault and J. E. Hartshorn 1

...If we desire a stable oil market, then we have to take positive measuresto bring this about. This does not mean market intervention. Not at all. But wedo need to help the market function better, by giving it more comprehensive andtimely information, in order to introduce greater transparency.

Dr. Subroto, Secretary General of OPEC, to the Nigerian Council of theSociety of Petroleum...