§ Mr. Nobleasked the Secretary of State for Energy whether his Department will initiate a study on the commercial and technical effects of indigenous oil resources on the man-made fibre industry of the United Kingdom, and particularly on the likely effect on its raw material prices.
§ Mr. MeacherI have been asked to reply.
The Departments of Energy and Industry have set up a working party to examine oil pricing policy and, in discussion with the petrochemical industry, are looking at the opportunities presented by future indigenous oil supplies. This study will include implications of these supplies for the man-made fibre industry.