VOL. XXXVII

NO. 15

10-JANUARY-1994

Supply/Demand

Tahmassebi Attacks Complacency On Long-Term Oil Supply Outlook

In a paper presented late last year to a gathering of energy experts at theIEA, Dr. Cyrus Tahmassebi, Chief Economist at Ashland Oil Company, argues thatthe recent slide in oil prices, coupled with a pervasive perception that theworld is endowed with an almost inexhaustible reserve of easily-accessibleenergy resources, has lulled policymakers in major consuming centers into asense of...