Oral Answers to Questions — North Sea Oil (Production)

Part of the debate – in the House of Commons at 12:00 am on 3rd May 1976.

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Photo of Mr Teddy Taylor Mr Teddy Taylor , Glasgow Cathcart 12:00 am, 3rd May 1976

Does the right hon. Gentleman agree that output depends a great deal upon price? Does he really think that it will be possible for the OPEC price ring to maintain the present high price level for oil at a time when there is a world glut of oil, as there will be for a long time to come?