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U.S. Department of Energy
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Don't count OPEC out

Journal Article · · Nation's Bus.; (United States)
OSTI ID:6166851
Prediction of OPEC's demise may be premature since the US and the industrial world continue their reliance on Middle East oil. US dependence on imported oil could increase with economic recovery and present OPEC with new opportunities to manipulate prices enough to discourage non-OPEC production and conservation. Analysts predict that a new and stronger OPEC may emerge unless the people are unwilling to delay their own development just to keep the West hooked on cheap oil. 1 figure, 1 table. (DCK)
OSTI ID:
6166851
Journal Information:
Nation's Bus.; (United States), Journal Name: Nation's Bus.; (United States) Vol. 71:5; ISSN NBUSA
Country of Publication:
United States
Language:
English