OPEC (Price Fixing)

Part of Oral Answers to Questions — Energy – in the House of Commons at 12:00 am on 9th May 1983.

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Photo of Sir Peter Emery Sir Peter Emery , Honiton 12:00 am, 9th May 1983

Is my right hon. Friend actually trying to tell the House that OPEC is not a cartel? If he is, how does he hold that view? Has not the OPEC price been the leading factor that has caused considerable difficulties in the sale price of oil to underdeveloped nations in the Third world?