Oil Supplies

Part of the debate – in the House of Commons at 12:00 am on 24th October 1973.

Alert me about debates like this

Photo of Mr Peter Walker Mr Peter Walker , Worcester 12:00 am, 24th October 1973

Talks are due to begin tomorrow in Paris between the OECD countries. In talks between consumer countries it is important to join with the major consuming countries such as the United States and Japan. Important talks will be taking place tomorrow on that topic. I welcome the Minister's views on the future round of licences. Ought not he now to review all the Ministerial framework and structures related to getting maximum benefits to British industry from the present North Sea explorations? Will the right hon. Gentleman consult the Chancellor of the Exchequer to review the basic position in the light of the new price structure which has been brought about by the OPEC countries' new terms for oil?