WATCHING THE WORLD PLAYERS CHANGE BUT NOT THE PROBLEMS

With David Knott from London Organization of Petroleum Exporting Countries members and North Sea producers recently have each accused the other of producing too much oil. A look at industry history shows the arguments are nothing new. Sixty years ago Oil & Gas journal was concerned about weakness in crude and refined oil markets. This was caused by "hot oil" production volumes beyond government limits by East Texas operators.

May 9th, 1994
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