VOL. XLV

No 18

6-May-2002

LessonsFrom The Last Five Years

By Robert Priddle

Thefollowing is the text of a speech by Robert Priddle,Executive Director of the International Energy Agency, at the ThirdInternational Oil Summit held in Paris on 25 April 2002.

Two Market Phases

I cannot remember a time in the past 30 years when oil andthe oil market have been a routine, unexciting matter.But there is no doubt that, since I becameExecutive Director of the IEA late in 1994, the intensity of consuming...