THE SUPPLY/DEMAND CONSEQUENCES OF $18/B OIL

by Francisco R. Parra

(In the following article Mr. Francisco Parra examines the effects of $18/B oil on the world supply-demand picture. The article is an excerpt from an address delivered by Mr. Parra to the annual convention of the National Coal Association in Chicago on 22 June 1987, the full version of which is being published in the July issue of Oil and Energy Trends. Mr. Francisco Parra is a former Secretary General of OPEC and Director...