NO. 26

2 APRIL 1990


Schlesinger Says US May Import 11mn b/d by 1995

Stagnant or falling oil production in the US and the USSR coupled with risingworld demand means that OPEC output could face capacity restraints in as littleas two years, according to former US Energy Secretary James Schlesinger.Speaking before the Senate Energy Committee on 26 March, Mr. Schlesinger notedthat OPEC is already producing at 90% of capacity, and that "with the callon OPEC growing at over 1mn b/d each...