SEYMOUR COMMENTS ON PRICE DEVELOPMENTS

The following comments on the current oil price crisis were made by MEES Executive Editor Ian Seymour at the "Oil and Money" conference sponsored by the International Herald Tribune and the Oil Daily in London on 18 October:

"On the face of it, the second half of October would seem to be an unlikely, indeed unnecessary, time to precipitate an oil price collapse. Whatever the current gap between spot and official prices, and however much...