WATCHING THE WORLD KRAPELS DISSENTS ON OPEC STRENGTH
With David Knott from London Speakers at a London conference explained how the Organization of Petroleum Exporting Countries is in crisis right now but will regain market dominance in the next century (OGJ, Apr. 18, p. 75). All speakers, that is, except one. Edward N. Krapels, president of Energy Security Analysis Inc., Washington, said OPEC has let the balance of oil market power shift to financial markets and now stands little chance of regaining control.