VOL. XXXIII

NO. 5

6-NOVEMBER-1989

Oil Prices in the 1990s: It all Depends on Capacity

by Robert Mabro

The following article by Mr. Robert Mabro, Director of the Oxford Institutefor Energy Studies, is an expanded version of a talk given at the InternationalHerald Tribune/Oil Daily "Oil and Money" conference in London on 19October.

Now that we have almost reached the end of the 1980s, everyone interested inoil is asking whether the 1990s will be a decade of firm and stable prices, orwhether...