THE IMPLICATIONS OF THE OIL PRICE SITUATION FOR CONSUMING COUNTRIES
by Pierre Desprairies
(The following article is based on a paper presented by Mr. Pierre Desprairies, Honorary Board Chairman of the Institut Francais du Petrole, at the Oxford Energy Seminar on 10 September.)
Once again, Robert Mabro has asked me to participate in this Seminar and to reply to the question: 'What are the implications of the oil price situation for consuming countries?"
First of all, we must...