NO. 26


Francisco Parra Calls For Speedy OPEC Action To Raise Crude Oil Price to$25/B

The individual and collective interests of OPEC member countries would bewell served by a speedy increase in the price of crude oil to $25/B for the OPECbasket, to be followed over a period of time by a series of smaller rises to atleast keep pace with inflation. The case for such a dramatic change of course onthe part of OPEC was forcefully argued in a recent seminar presentation by Oil...