OPEC: THE NEW CHALLENGE

by Alirio A. Parra

(The following is the text of a paper presented by Dr. Alirio L Parra at an oil conference sponsored by the Southern Methodist University in Dallas, Texas, on 4 September 1986. Dr. Parra is the Director of the London subsidiary of the Venezuelan state oil company Petroleos de Venezuela.)

I am indeed grateful for this opportunity to address such a distinguished audience gathered for this Southern Methodist University seminar. Texas is a good place...