VOL. XXVIII

NO. 23

18-MARCH-1985

THE ABOLITION OF BNOC: A DESTABILIZING INFLUENCE?

The British Government's decision to do away with the British National OilCorporation (BNOC) has not so far caused any great disturbance in the world oilmarkets. The absence of BNOC when it is abolished by legislation some monthshence - will not in itself bring about either an in- crease or a decrease inavailable world oil supplies. Nevertheless, it does carry with it implicationsof the greatest long-term...