VOL. XXXII

NO. 1

10-OCTOBER-1988

WHY PRODUCERS NEED A PRICING POLICY

(The following paper by Robert Mabro, Director of the Oxford Institute forEnergy Studies is based on his presentations at the Oxford Energy Seminar on 15September an the Asia-Pacific Petroleum 1988 Conference in Singapore on 20September 1988.)

The failure of oil exporting countries to define and implement a petroleumpricing policy is putting their economic interests, both in the present and inthe future, into serious jeopardy. I...