OIL PRICES: WHAT NEXT?

by Nordine Ait-Laoussine

(The following is the text of a paper delivered by Mr. Nordine Ait-Laoussine at a seminar organized by the Energy Policy Foundation of Norway at Sanderstolen, Norway, on 7 February 1986. Mr. Ait-Laoussine is President of the Geneva-based consulting firm NALCOSA.)

The purpose of this paper is to offer some views on a question which is obviously on everybody's mind, not only in this audience but also in the mind of all policy makers of oil...