VOL. XXXIX

No. 45

5-August-1996

OPEC

Increasing Global Dependence On Gulf Oil - Reality or Myth?

by Paul Stevens

The following article by Professor Paul Stevens of the Centre for Petroleum and Mineral Law and Policy, University of Dundee, Scotland, is based on a speech delivered to the Committee for Energy Policy Promotion in Tokyo on 18 June 1996.

Introduction

There is a widespread view among many observers of international energy that the world will be forced into ever growing...