Prospects for supplies and prices are the subject of this article. No major supply shortages are foreseen for the
next ten years. Dependence on OPEC oil will be reduced by production from the North Sea and elsewhere. Other
commodity cartels are unlikely to have lasting success. Oil prices are forecast in two alternatives for 1985, representing
the two extreme values of the possible wide range. Prices of food and industrial materials are projected on the basis
of the lower oil price scenario and on assumptions concerning world economic growth, trade and inflation. They are
expected to rise in the coming ten years faster than prices of manufactured goods.
Restricted accessResearch articleFirst published May, 1976pp. 3-5
