NO. 50


Oil Prices

OPEC Voices Concern Over Environmental Oil Taxes

OPEC has voiced concern over proposals in the OECD and EEC countries for atax on oil consumption for environmental reasons, which it says could affectefforts to raise its crude oil production potential to meet increased demand inthe future. The OPEC view was expressed in an editorial in the September issueof the OPEC Bulletin which said that such taxes would lead to "a futureenergy mix in the next...