VOL. XXXIV

NO. 2

15-OCTOBER-1990

General

Watkins Says IEA Could Withdraw 5.5mn b/d in Emergency

Mr. James Watkins, US Secretary of Energy, told the House Committee on Energyand Commerce on 27 September that he expects oil prices to remain volatile, butthat barring unforeseen circumstances "we believe that the market will keepsupplies adequate to meet demand during the winter months." He added thatif the situation warrants it, the US would be ready to coordinate with other IEAmembers in drawing...