GENERAL

Lloyds Bank Economist Says UK Should Restrict North Sea Output 

A British economist has forecast that if North Sea production continues at the present rate Britain will run out of oil in 1995 and proposed that output should be restricted to extend the life of the UK's oil reserves. Writing in the LLoyds Bank monthly Economic Bulletin, Mr. Patrick Foley says that the UK is at present producing 80% more oil than it requires for domestic consumption and that at this rate...