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 Mr Nigel Lawson Mr Nigel Lawson Secretary of State for Energy 12:00 am, 9th May 1983

The hon. Member credits me with too much power and influence in this sphere. During the turmoil in the oil market the Government and the British National Oil Corporation acted very much in the interests of this country. The idea that Britain could fix the world oil price is nonsense. I make no such claim.