NO. 16


Publications Received

Netback Pricing and the Oil Price Collapse of 1986, by Robert Mabro.Published by the Oxford Institute for Energy Studies (OIES). 56 pages.

In the latest OIES working paper Dr. Mabro analyzes both the economic theoryand historical application of netback prices, including their widespread use aspart of OPEC's recent "market-share" strategy. His conclusion is thatnet- back contracts "do not possess the significant merits which theiradvocates...