No 48



OPEC Capacity Best Judged On Historical Data, Argues Hetco

Among key questions regarding OPEC spare capacity, according to Edward L Morse of Hess Energy Trading Company (Hetco), are how large is the spare capacity cushion and whether, if there is enough spare capacity today, there will be enough in 2005 and 2010. Mr Morse told an IEA meeting on 14 November that history provides the best insights in assessing OPEC capacity.

Presenting a paper entitled OPECs...