VOL. XXXVII

NO. 15

10-JANUARY-1994

OPEC Constrained: Or Saudi Arabia Need Not Do It All

by Francisco R. Parra

The following article is based on a talk given by Mr. Francisco Parra at anenergy seminar at the Center for International Studies, MassachusettsInstitute of Technology, in December 1993. Mr. Parra, now an oil consultantbased in Reading and Oxford, was formerly Secretary General of OPEC and ManagingDirector of the London office of Petroleos de Venezuela.

There is now a pervasive sense of...