OPEC's Troubles

April 1 st 1983

The drop in the price of OPEC oil from $34.00 U.S. per barrel to $29.00 U.S. is good news for the oil importing countries. However, it presents serious difficulties for the producing countries, which are now faced with the inescapable need to drastically cut expenditures. At the same time, the drop in oil prices also plays havoc with non-OPEC producing countries, especially Britain, Norway, Canada, and Mexico. What, under normal circumstances, would have been welcome news is now the source of potential conflict and difficult choices. For example, the drop in oil revenues for the provincial and federal governments as well as for the producers endangers the National Energy Policy of the Canadian government and will make the move towards energy self-sufficiency more difficult.


Harry Antonides came to Canada in 1948, initially working as a farm hand and railway labourer. After over a decade working in a chemical plant in Sarnia, Ontario, Harry joined the newly forming Christian Labour Association of Canada (CLAC) in 1962 as a field representative. By 1970 Harry became director of research and education. In 1974, he was a founding member of the Work Research Foundation (now Cardus) and publisher of their sole publication, Comment magazine. A prolific writer and dynamic speaker, Harry delivered lectures all over North America and published numerous articles, reviews, and essays. He is author of several books on Christianity, labour, and economics, including Multinationals and the Peacable Kingdom (1978) and Stones for Bread: The Social Gospel and its Contemporary Legacy (1985). Harry is retired and lives with his wife Janet in Willowdale, Ontario.