OPEC AND OIL PRICES

Reagan Joins Debate on Oil Prices 

Last week senior US officials made a number of conflicting statements on oil prices, which, broadly speaking, pitted those within the administration who believe in the unfettered play of market forces whatever the consequences against those who believe in the unfettered play of market forces only up to a point (MEES, 7 April). Now President Reagan has further confused this public debate with a third theory - that the collapse of...