IFP Chairman Foresees Long, Slow Market Turnaround 

It is frequently argued that at some point in the future oil will regain its ascendancy in the world energy market. But, according to the Chairman of the Institut Francais du Petrole, Mr. Pierre Desprairies, this process may prove to be both lengthier and more complex than is generally forecast.

Mr. Desprairies' reflections on the possible evolution of the oil market are contained in a paper entitled "A Long Pause...