VOL. XXXVII

NO. 41

11-JULY-1994

General

OECD Taxes Prevent Recovery In Oil Demand, Says CGES

Tax increases by OECD governments have prevented consumers in theindustrialized countries from receiving the benefits of lower oil prices andprevented a recovery in oil demand, according to the May-June Global Oil Report,published by the London-based Centre for Global Energy Studies (CGES). Thereport estimates that between 1990 and 1Q 94, "the price of oil products onthe international market fell by 35%,...