VOL. XLV

No 38

23-September-2002

Past, Present and Likely Future Price Structure For TheInternational Oil Trade

By Franscisco R Parra

The following articleappeared in the recently published July 2002 issue of our six-monthly International Crude Oil And Product Prices. This is the last issue of this publicationwhich began over 30 years ago. Mr Parra is a former Secretary-General of OPECand a private consultant who lives in Cambridge, Mass.

The Past Part I

Several light-years ago (1951), or so it...