VOL. XXXI

NO. 16

25-JANUARY-1988

FLEXIBLE RESPONSE: THE BEST HOPE FOR OPEC

by Joe Roeber

(In the following article petroleum consultant Joe Roeber of Joe RoeberAssociates argues that a mechanism embodying flexible response to market signalsoffers the best hope for OPEC in its endeavors to control oil prices.)

The method of price control proposed by Silvan Robinson in these pages (MEES,4 January) is the most powerful and, in principle, the most promising availableto OPEC. What is powerful is the...