VOL. XLIII

No. 43

23-OCTOBER-2000

The Fifth Oil Crisis

by Antonio M Szabó

The following is the text of an article by Mr Antonio Szabó, President, Stone Bond Corporation, Houston.

Oil price developments earlier this year prompted numerous industry sources and miscellaneous pundits to raise again the specter of the possibility of a third oil crisis. We have two disagreements with such speculation.

The first is that we are already in an oil crisis and the second is that the current crisis is not the...