GENERAL

Mabro Attacks Abolition of BNOC 

The Director of the Oxford Institute for Energy Studies, Dr. Robert Mabro, has sharply criticized the decision to abolish the British National Oil Corporation (BNOC), describing it in a letter to the London Financial Times on 21 March as a stance which "blatantly fails to make sense." Dr. Mabro warns In his letter that "now that one of the few remaining institutional pegs has been removed we can be certain that the next oil price...