PRODUCER-CONSUMER RELATIONS IN UNSTABLE OIL MARKETS

by Nordine Ait-Laoussine

(The following article by Mr. Nordine Ait-Laoussine is based on a paper presented at the Ninth International Conference held by the International Association of Energy Economists in Calgary, Canada, on 6 July. Mr. Ait-Laoussine is President of the Geneva-based petroleum consulting firm NALCOSA.)

At a time when the word "confrontation" is more appropriate than "cooperation" to describe the...