Introduction, issue 64

We are starting 2006 with a look at the way in which the high current price of oil might affect our economic expectations and how the oil producers are dealing with this sudden increase in their revenues. This will be a subject of particular interest to those of our readers who can easily recall the experiences of the 1970s. We also have two articles dealing with aspects of environmental policy, one that looks at the role of technology in reducing EP costs and one that looks at Gas Strategies for suppliers of the Atlantic Basin