OPEC AND OIL PRICES

SDP Leader Calls for Production Controls in North Sea

The leader of Britain's Social Democratic Party (SDP), Dr. David Owen, has called on the UK to acknowledge its influence on the world oil market and to control North Sea production in order to stabilize oil prices.

In a speech in Aberdeen on 15 February Dr. Owen said that, beyond assuming that OPEC would always perform the task of stabilizing prices, "no British Government has yet developed a serious oil...