§ Mr. Ian Lloydasked the Secretary of State for Trade and Industry whether he will publish a table showing the possible effect on the balance of payments of a rise in the price of crude oil within the range of alternatives now being discussed between the Organisation of Petroleum Exporting Countries and the oil companies.
§ Sir J. EdenNo. Various possibilities are under discussion between members of the Organisation of Petroleum Exporting Countries and the oil companies, and the publication of hypothetical figures would be of no value.
§ Mr. Ian Lloydasked the Secretary of State for Trade and Industry what is the capital cost of storing one week's supply of crude oil at current rates of consumption.
§ Mr. RidleyWithin the range £20 million to £35 million, depending on the type of crude oil and the method of storage used.