VOL. XLIV

No. 06

5-February-2001

Oil Prices: An Agreeable Consensus

By Francisco R Parra

Francisco R Parra, a formerSecretary-General of OPEC, is a private consultant and lives in Cambridge,Mass. where he is currently completing a book on the international petroleumindustry since 1950.

Concern over high oil prices andOPEC during the past year produced abundant reaction, analysis and comment.Crude oil prices, at well over $30/B during much of the year, had tripled fromtheir December 1998 low, and...