GENERAL

Study Finds Conservation Will Continue in Spite of Lower Oil Prices 

A major study completed this month concludes that the forces of energy conservation and fuel substitution induced worldwide by the oil price increases of the 1970s will not be quickly reversed by falling oil prices. The study, undertaken by IED Consultants S.A. in Geneva on behalf of several OPEC national oil companies, involved detailed examinations of capital investment plans and technological changes in...