Oil and Gas Resources

Part of Oral Answers to Questions — Energy – in the House of Commons at 12:00 am on 4 July 1983.

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Photo of Mr Nicholas Budgen Mr Nicholas Budgen , Wolverhampton South West 12:00, 4 July 1983

Does my right hon. Friend agree that the new experiment of allocating licences by auction is much to be preferred to the dangers of allocation by ministerial or executive discretion?