VOL. XXXII

NO. 29

24-APRIL-1989

Publications Received

OPEC's Production Policies: How Do They Work? Why Don't They Work? by RobertMabro. Oxford Institute for Energy Studies, April 1989. pp. 65+iv. 14 or $23.

OPEC now relies almost exclusively on production programs in attempts tofoster the economic interests of its members. Every production program agreedupon by OPEC since 1982 has caused the oil price to rise for a while. However,the beneficial impact of OPEC's production programs has always been...