VOL. XLII
No. 11
15-March-1999
GENERAL
Low Oil Prices And The Conventional"Wisdom"
In the following article Robert Mabro, Director of theOxford Institute for Energy Studies, questions the rationale behind thebenefits of a low price regime to the producing countries and the oil industry.
The oil price crisis which has affected producing countriesand private oil companies alike for almost 15 months now is reminding allconcerned of a simple and evident proposition which many today purport toignore....
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