VOL. XXX

NO. 18

9-FEBRUARY-1987

OPEC/NON-OPEC AND OIL PRICES

Herrington Urges Measures against Growing Independence OPEC

The US Energy Secretary, Mr. John Herrington, has urged the US and its alliesto build up their oil stockpiles and develop oil supplies outside the Gulf inorder to counter the threat of growing dependence on OPEC in general and theGulf in particular.

Mr. Herrington's remarks to a seminar in Davos, Switzerland, on 4 Februarymade it clear that the US has not abandoned its...