C01 002 001 (     [
C01 002 010 ATI   The
C01 002 020 NP    Reith
C01 002 030 NNPS  Lectures
C01 002 040 CD    1985
C01 002 041 *-    -
C01 002 050 NP    III
C01 002 051 )     ]
C01 003 001 (     [
C01 003 010 NP    David
C01 003 020 NP    Henderson
C01 003 021 )     ]
C01 005 010 AP    last
C01 005 020 NN    week
C01 005 030 PP1A  I
C01 005 040 VBD   showed
C01 005 050 PP$   my
C01 005 060 NN    hand
C01 005 070 IN    as
C01 005 080 ATI   the
C01 005 090 NN    price
C01 005 100 NN    mechanist
C01 005 110 CS    that
C01 005 120 PP1A  I
C01 006 010 BEM   am
C01 006 011 ,     ,
C01 006 020 CC    and
C01 006 030 PP1A  I
C01 006 040 VBD   argued
C01 006 041 ,     ,
C01 006 050 IN    with
C01 006 060 ATI   the
C01 006 070 NN    help
C01 006 080 IN    of
C01 006 090 PP$   my
C01 006 100 JJ    fictional
C01 006 110 NN    colleague
C01 007 010 NPT   Mr
C01 007 020 NP    MacQuedy
C01 007 030 CS    that
C01 007 040 JJ    individual
C01 007 050 NN    willingness
C01 007 060 TO    to
C01 007 070 VB    pay
C01 007 080 MD    should
C01 007 090 BE    be
C01 008 010 ATI   the
C01 008 020 JJB   main
C01 008 030 NN    test
C01 008 040 IN    of
C01 008 050 WRB   how
C01 008 060 NNS   resources
C01 008 070 BER   are
C01 008 080 VBN   used
C01 008 081 .     .
C01 008 082 ----- -------------------------------------------
C01 008 090 PP2   you
C01 008 100 MD    may
C01 008 110 VB    recall
C01 009 010 CS    that
C01 009 020 PP1AS we
C01 009 030 VBD   made
C01 009 040 NN    fun
C01 009 050 IN    of
C01 009 060 AT    a
C01 009 070 NN    number
C01 009 080 IN    of
C01 009 090 NN    soap-opera
C01 009 100 NNS   notions
C01 009 110 IN    of
C01 010 010 JJB   do-it-yourself
C01 010 020 NN    economics
C01 010 021 (     (
C01 010 030 NP    DIYE
C01 010 031 )     )
C01 010 032 .     .
C01 010 033 ----- -------------------------------------------
C01 010 040 IN    in
C01 010 050 DT    this
C01 010 060 NN    lecture
C01 010 070 PP1A  I
C01 010 080 VB    want
C01 010 090 TO    to
C01 011 010 VB    enlarge
C01 011 020 IN    on
C01 011 030 ATI   the
C01 011 040 NN    contrast
C01 011 050 IN    between
C01 011 060 NP    DIYE
C01 011 070 CC    and
C01 011 080 JJ    economic
C01 011 090 NN    orthodoxy
C01 011 091 .     .
C01 013 001 ----- -------------------------------------------
C01 013 010 PP1A  I
C01 013 020 VB    want
C01 013 030 TO    to
C01 013 040 VB    consider
C01 013 050 RB    first
C01 013 060 AT    an
C01 013 070 NN    aspect
C01 013 080 IN    of
C01 013 090 NP    DIYE
C01 013 100 WP    which
C01 013 110 PP1A  I
C01 013 120 VB    call
C01 014 001 *'    "
C01 014 010 VBG   unreflecting
C01 014 020 NN    centralism
C01 014 021 **'   "
C01 014 022 .     .
C01 014 023 ----- -------------------------------------------
C01 014 030 PP3   it
C01 014 040 HVZ   has
C01 014 050 CD    two
C01 014 060 RB    mutually
C01 014 070 VBG   supporting
C01 015 010 NNS   elements
C01 015 011 .     .
C01 015 012 ----- -------------------------------------------
C01 015 020 CD1   one
C01 015 030 BEZ   is
C01 015 040 ATI   the
C01 015 050 NN    disposition
C01 015 060 TO    to
C01 015 070 VB    assume
C01 015 080 CS    that
C01 015 090 NNS   outcomes
C01 016 010 HV    have
C01 016 020 TO    to
C01 016 030 BE    be
C01 016 040 VBN   planned
C01 016 050 CC    and
C01 016 060 VBN   decided
C01 016 070 IN    by
C01 016 080 NNS   governments
C01 016 081 .     .
C01 016 082 ----- -------------------------------------------
C01 016 090 ATI   the
C01 016 100 OD    second
C01 017 010 BEZ   is
C01 017 020 ATI   the
C01 017 030 NN    tendency
C01 017 040 TO    to
C01 017 050 VB    think
C01 017 060 IN    of
C01 017 070 NNS   governments
C01 017 080 CC    and
C01 017 090 NNS   states
C01 017 100 IN    as
C01 018 010 ATI   the
C01 018 020 JJB   principal
C01 018 030 CC    or
C01 018 040 RB    even
C01 018 050 ATI   the
C01 018 060 AP    only
C01 018 070 NNS   actors
C01 018 080 IN    on
C01 018 090 ATI   the
C01 018 100 JJ    economic
C01 018 110 NN    scene
C01 018 111 ,     ,
C01 019 010 CC    and
C01 019 020 TO    to
C01 019 030 VB    attribute
C01 019 040 IN    to
C01 019 050 PP3OS them
C01 019 060 NNS   roles
C01 019 070 CC    and
C01 019 080 NNS   functions
C01 019 090 WP    which
C01 019 100 BER   are                       >
C01 019 101 XNOT  n't                       <
C01 020 010 RB    necessarily
C01 020 020 PP$$  theirs
C01 020 021 .     .
C01 022 001 ----- -------------------------------------------
C01 022 010 AT    a
C01 022 020 JJ    good
C01 022 030 NN    example
C01 022 040 IN    of
C01 022 050 DT    this
C01 022 060 NN    tendency
C01 022 070 VBD   appeared
C01 022 080 IN    in
C01 022 090 AT    a
C01 022 100 NN    speech
C01 022 110 WP    which
C01 022 120 PP1A  I
C01 023 010 HVD   had
C01 023 020 ATI   the
C01 023 030 NN    pleasure
C01 023 040 IN    of
C01 023 050 VBG   hearing
C01 023 060 IN    in
C01 023 070 NP    Brussels
C01 023 080 AP    last
C01 023 090 NN    year
C01 023 100 IN    by
C01 023 110 ATI   the
C01 023 120 JNP   Irish
C01 024 010 NPT   Prime
C01 024 020 NPT   Minister
C01 024 021 ,     ,
C01 024 030 NPT   Dr
C01 024 040 NP    Garret
C01 024 050 NP    FitzGerald
C01 024 051 .     .
C01 024 052 ----- -------------------------------------------
C01 024 060 RB    interestingly
C01 024 061 ,     ,
C01 024 070 NPT   Dr
C01 025 010 NP    FitzGerald
C01 025 020 BEZ   is
C01 025 030 CD1   one
C01 025 040 IN    of
C01 025 050 CD    two
C01 025 060 NPT   Prime
C01 025 070 NPTS  Ministers
C01 025 080 IN    within
C01 025 090 ATI   the
C01 025 100 JNP   European
C01 026 010 NP    Community
C01 026 020 WP    who
C01 026 030 VB    count
C01 026 040 IN    as
C01 026 050 JJ    professional
C01 026 060 NNS   economists
C01 026 061 ,     ,
C01 026 070 ATI   the
C01 026 080 AP    other
C01 026 090 BEG   being
C01 027 010 ATI   the
C01 027 020 NPT   Prime
C01 027 030 NPT   Minister
C01 027 040 IN    of
C01 027 050 NP    Greece
C01 027 051 ,     ,
C01 027 060 NPT   Dr
C01 027 070 NP    Andreas
C01 027 080 NP    Papandreou
C01 027 081 .     .
C01 027 082 ----- -------------------------------------------
C01 027 090 IN    in
C01 027 100 PP$   his
C01 028 010 NN    speech
C01 028 011 ,     ,
C01 028 020 PP3A  he
C01 028 030 VBD   described
C01 028 040 PPL   himself
C01 028 050 RB    engagingly
C01 028 060 IN    as
C01 028 061 *'    '
C01 028 070 AT    an
C01 028 080 NN    economist
C01 028 090 IN    on
C01 029 010 NN    leave
C01 029 011 **'   '
C01 029 012 .     .
C01 029 013 ----- -------------------------------------------
C01 029 020 RB    nevertheless
C01 029 021 ,     ,
C01 029 030 IN    in
C01 029 040 VBG   reviewing
C01 029 050 ATI   the
C01 029 060 NNS   problems
C01 029 070 IN    of
C01 029 080 ATI   the
C01 030 010 NP    Community
C01 030 011 ,     ,
C01 030 020 PP3A  he
C01 030 030 VBD   advanced
C01 030 040 AT    a
C01 030 050 JJ    prize
C01 030 060 NN    specimen
C01 030 070 IN    of
C01 030 080 JJ    unreflecting
C01 031 010 NN    centralism
C01 031 011 .     .
C01 033 001 ----- -------------------------------------------
C01 033 010 IN    for
C01 033 020 NPT   Dr
C01 033 030 NP    FitzGerald
C01 033 040 EX    there
C01 033 050 BER   are
C01 033 060 CD    two
C01 033 070 JJ    economic
C01 033 080 NNS   superpowers
C01 033 081 ,     ,
C01 033 090 ATI   the
C01 034 010 NP    United
C01 034 020 NP    States
C01 034 030 CC    and
C01 034 040 NP    Japan
C01 034 041 ,     ,
C01 034 050 CC    and
C01 034 051 ,     ,
C01 034 060 PP3A  he
C01 034 070 VBD   argued
C01 034 071 :     :
C01 034 072 *'    '
C01 034 080 NNS   attempts
C01 034 090 TO    to
C01 034 100 VB    compete
C01 035 010 IN    on
C01 035 020 AT    an
C01 035 030 JJ    equal
C01 035 040 NN    basis
C01 035 050 IN    in
C01 035 060 ATI   the
C01 035 070 JJ    economic
C01 035 080 NN    sphere
C01 035 090 IN    with
C01 035 100 DTS   these
C01 036 010 NNS   superpowers
C01 036 020 IN    by
C01 036 030 JJ    independent
C01 036 031 ,     ,
C01 036 040 JJ    individual
C01 036 050 NN    action
C01 036 051 ,     ,
C01 036 060 BER   are
C01 036 070 RB    quite
C01 037 010 RB    simply
C01 037 020 VBN   bound
C01 037 030 TO    to
C01 037 040 VB    fail
C01 037 041 .     .
C01 037 042 **'   '
C01 039 001 ----- -------------------------------------------
C01 039 010 ATI   the
C01 039 020 NN    moral
C01 039 030 VBN   drawn
C01 039 040 IN    by
C01 039 050 NPT   Dr
C01 039 060 NP    FitzGerald
C01 039 061 ,     ,
C01 039 070 IN    in
C01 039 080 NN    common
C01 039 090 IN    with
C01 039 100 AP    many
C01 039 110 AP    other
C01 040 010 JJ    influential
C01 040 020 NNS   people
C01 040 021 ,     ,
C01 040 030 BEZ   is
C01 040 040 CS    that
C01 040 050 ATI   the
C01 040 060 NNS   governments
C01 040 070 IN    of
C01 040 080 ATI   the
C01 040 090 JNP   European
C01 041 010 NP    Community
C01 041 020 MD    must
C01 041 030 VB    take
C01 041 040 JJ    concerted
C01 041 050 NN    action
C01 041 060 TO    to
C01 041 070 VB    strengthen
C01 041 080 ATI   the
C01 042 010 JJ    competitive
C01 042 020 NN    position
C01 042 030 IN    of
C01 042 040 ATI   the
C01 042 050 NP    Community
C01 042 060 IN    as
C01 042 070 AT    a
C01 042 080 NN    whole
C01 042 090 IN    vis-a-vis                           *
C01 043 010 ATI   the
C01 043 020 NP    United
C01 043 030 NP    States
C01 043 040 CC    and
C01 043 050 NP    Japan
C01 043 051 .     .
C01 045 001 ----- -------------------------------------------
C01 045 010 DT    this
C01 045 020 NN    argument
C01 045 030 VBZ   assumes
C01 045 040 CS    that
C01 045 050 NN    competition
C01 045 060 IN    in
C01 045 070 ATI   the
C01 045 080 NNS   markets
C01 045 090 IN    of
C01 046 010 ATI   the
C01 046 020 NN    world
C01 046 030 BEZ   is
C01 046 040 IN    between
C01 046 050 NNS   states
C01 046 051 ,     ,
C01 046 060 CC    and
C01 046 070 CS    that
C01 046 080 RB    only
C01 046 090 JJ    large
C01 046 100 NNS   states
C01 046 110 MD    can
C01 047 010 RB    successfully
C01 047 020 VB    engage
C01 047 030 IN    in
C01 047 040 PP3   it
C01 047 041 .     .
C01 047 042 ----- -------------------------------------------
C01 047 050 ABX   both
C01 047 060 NNS   propositions
C01 047 070 BER   are
C01 047 080 JJ    false
C01 047 081 .     .
C01 048 001 ----- -------------------------------------------
C01 048 010 NN    competition
C01 048 020 BEZ   is
C01 048 030 RB    largely
C01 048 040 IN    between
C01 048 050 AT    a
C01 048 060 NN    multitude
C01 048 070 IN    of
C01 048 080 NN    business
C01 049 010 NNS   enterprises
C01 049 020 IN    of
C01 049 030 ABN   all
C01 049 040 NNS   kinds
C01 049 041 ,     ,
C01 049 050 IN    over
C01 049 060 AT    a
C01 049 070 JJ    wide
C01 049 080 NN    range
C01 049 090 IN    of
C01 049 100 NNS   products
C01 049 110 CC    and
C01 050 010 NNS   markets
C01 050 011 .     .
C01 050 012 ----- -------------------------------------------
C01 050 020 PP3   it                        >
C01 050 021 BEZ   's                        <
C01 050 030 JJ    true
C01 050 040 CS    that
C01 050 050 NNS   governments
C01 050 060 MD    can
C01 050 070 VB    influence
C01 050 080 ATI   the
C01 051 010 NN    outcome
C01 051 020 IN    of
C01 051 030 ATI   the
C01 051 040 JJ    competitive
C01 051 050 NN    process
C01 051 060 IN    in
C01 051 070 JJ    various
C01 051 080 NNS   ways
C01 051 081 ,     ,
C01 051 090 CC    and
C01 051 100 CS    that
C01 052 010 JJ    particular
C01 052 020 NN    business
C01 052 030 NNS   enterprises
C01 052 040 MD    can
C01 052 050 BE    be
C01 052 060 VBN   owned
C01 052 070 CC    or
C01 052 080 VBN   backed
C01 052 090 IN    by
C01 053 010 NNS   governments
C01 053 011 .     .
C01 053 012 ----- -------------------------------------------
C01 053 020 CC    but
C01 053 030 RB    even
C01 053 040 WRB   when
C01 053 050 DT    this
C01 053 060 BEZ   is
C01 053 070 VBN   allowed
C01 053 080 IN    for
C01 053 081 ,     ,
C01 053 090 PP3   it                        >
C01 053 091 BEZ   's                        <
C01 053 100 XNOT  not
C01 054 010 NNS   states
C01 054 020 WP    that
C01 054 030 BER   are
C01 054 040 RB    generally
C01 054 050 ATI   the
C01 054 060 JJB   sole
C01 054 070 CC    or
C01 054 080 ATI   the
C01 054 090 JJB   principal
C01 054 100 NNS   parties
C01 055 010 IN    to
C01 055 020 ATI   the
C01 055 030 JJ    vast
C01 055 040 NN    array
C01 055 050 IN    of
C01 055 060 JJ    individual
C01 055 070 NNS   transactions
C01 055 080 IN    around
C01 055 090 ATI   the
C01 055 100 NN    world
C01 056 010 IN    in
C01 056 020 WDT   which
C01 056 030 ATI   the
C01 056 040 JJ    competitive
C01 056 050 NN    process
C01 056 060 VBZ   takes
C01 056 070 NN    shape
C01 056 071 .     .
C01 058 001 ----- -------------------------------------------
C01 058 010 CS    as
C01 058 020 IN    to
C01 058 030 JJ    large
C01 058 040 NNS   states
C01 058 050 BEG   being
C01 058 060 RB    necessarily
C01 058 070 QL    more
C01 058 080 JJ    successful
C01 058 090 IN    on
C01 058 100 ATI   the
C01 059 010 JJ    contemporary
C01 059 020 JJ    economic
C01 059 030 NN    scene
C01 059 031 ,     ,
C01 059 040 DT    this
C01 059 050 NN    notion
C01 059 060 BEZ   is
C01 059 070 JJ    hard
C01 059 080 TO    to
C01 059 090 VB    reconcile
C01 060 010 IN    with
C01 060 020 ATI   the
C01 060 030 NN    fact
C01 060 040 CS    that
C01 060 050 IN    in
C01 060 060 NP    Europe
C01 060 070 PP3   it                        >
C01 060 071 BEZ   's                        <
C01 060 080 CD    two
C01 060 090 JJ    small
C01 060 100 NNS   countries
C01 060 101 ,     ,
C01 060 110 NP    Sweden
C01 061 010 CC    and
C01 061 020 NP    Switzerland
C01 061 021 ,     ,
C01 061 030 WP    which
C01 061 040 IN    by
C01 061 050 JJ    conventional
C01 061 060 NNS   tests
C01 061 070 BER   are
C01 061 080 RB    possibly
C01 062 010 ATI   the
C01 062 020 QL    most
C01 062 030 RB    economically
C01 062 040 JJ    advanced
C01 062 041 .     .
C01 062 042 ----- -------------------------------------------
C01 062 050 ATI   the
C01 062 060 NNS   products
C01 062 070 IN    of
C01 062 080 JNP   Swedish
C01 062 090 CC    and
C01 063 010 JNP   Swiss
C01 063 020 NNS   enterprises
C01 063 030 HV    have
C01 063 040 IN    for
C01 063 050 NNS   decades
C01 063 060 VBN   competed
C01 063 070 RB    successfully
C01 063 080 IN    on
C01 064 010 NN    world
C01 064 020 NNS   markets
C01 064 021 ,     ,
C01 064 030 IN    without
C01 064 040 NN    benefit
C01 064 050 IN    of
C01 064 060 JJ    concerted
C01 064 070 JJ    transnational
C01 065 001 *'    '
C01 065 010 JJ    industrial
C01 065 020 NNS   strategies
C01 065 021 **'   '
C01 065 030 IN    of
C01 065 040 ATI   the
C01 065 050 NN    kind
C01 065 060 WP    that
C01 065 070 BER   are
C01 065 080 RN    now
C01 065 090 QL    so
C01 065 100 JJ    favoured
C01 066 010 IN    in
C01 066 020 NN    official
C01 066 030 CC    and
C01 066 040 NN    business
C01 066 050 NNS   circles
C01 066 060 IN    within
C01 066 070 ATI   the
C01 066 080 JNP   European
C01 066 090 NP    Community
C01 066 091 .     .
C01 067 001 ----- -------------------------------------------
C01 067 010 CS    if
C01 067 020 PP1AS we
C01 067 030 VB    look
C01 067 040 IN    outside
C01 067 050 NP    Europe
C01 067 051 ,     ,
C01 067 060 CC    and
C01 067 070 IN    at
C01 067 080 ATI   the
C01 067 090 NN    growth
C01 067 100 IN    of
C01 067 110 NN    income
C01 067 120 IN    per
C01 068 010 NN    head
C01 068 020 CC    and
C01 068 030 IN    of
C01 068 040 NNS   exports
C01 068 050 IN    to
C01 068 060 NN    world
C01 068 070 NNS   markets
C01 068 071 ,     ,
C01 068 080 ATI   the
C01 068 090 JJ    outstanding
C01 068 100 NN    success
C01 069 010 NNS   stories
C01 069 020 IN    of
C01 069 030 ATI   the
C01 069 040 JJB   past
C01 069 050 CD    two
C01 069 060 NNS   decades
C01 069 070 BER   are
C01 069 080 TO    to
C01 069 090 BE    be
C01 069 100 VBN   found
C01 069 110 IN    among
C01 070 010 ATI   the
C01 070 020 JJ    developing
C01 070 030 NNS   countries
C01 070 040 IN    of
C01 070 050 NR    East
C01 070 060 CC    and
C01 070 070 NR    South-East
C01 070 080 NP    Asia
C01 070 081 .     .
C01 070 082 ----- -------------------------------------------
C01 070 090 CD    three
C01 071 010 IN    of
C01 071 020 ATI   the
C01 071 030 QL    most
C01 071 040 JJ    successful
C01 071 041 ,     ,
C01 071 050 NP    Hong
C01 071 060 NP    Kong
C01 071 061 ,     ,
C01 071 070 NP    Singapore
C01 071 080 CC    and
C01 071 090 NP    Taiwan
C01 071 091 ,     ,
C01 071 100 BER   are
C01 072 010 JJ    small
C01 072 011 ,     ,
C01 072 020 CS    while
C01 072 030 PN    none
C01 072 040 IN    of
C01 072 050 ATI   the
C01 072 060 NN    group
C01 072 070 BEZ   is
C01 072 080 QL    very
C01 072 090 JJ    large
C01 072 091 .     .
C01 072 092 ----- -------------------------------------------
C01 072 100 IN    in
C01 072 110 DTI   any
C01 072 120 NN    case
C01 072 121 ,     ,
C01 073 010 PP3   it                        >
C01 073 011 BEZ   's                        <
C01 073 020 XNOT  not
C01 073 030 ATI   the
C01 073 040 NNS   governments
C01 073 050 IN    of
C01 073 060 DTS   these
C01 073 070 NNS   countries
C01 073 071 ,     ,
C01 073 080 IN    through
C01 074 010 JJ    concerted
C01 074 020 NN    action
C01 074 030 IN    among
C01 074 040 PPLS  themselves
C01 074 041 ,     ,
C01 074 050 WP    that
C01 074 060 HV    have
C01 074 070 VBN   achieved
C01 074 080 RB    rapidly
C01 075 010 JJ    increasing
C01 075 020 NNS   shares
C01 075 030 IN    in
C01 075 040 JJ    expanding
C01 075 050 NN    world
C01 075 060 NNS   markets
C01 075 061 .     .
C01 075 062 ----- -------------------------------------------
C01 075 070 DT    this
C01 075 080 HVZ   has
C01 075 090 BEN   been
C01 076 010 ATI   the
C01 076 020 NN    work
C01 076 030 IN    of
C01 076 040 JJ    individual
C01 076 050 NNS   enterprises
C01 076 051 *-    -
C01 076 060 VBN   helped
C01 076 061 ,     ,
C01 076 070 PP3   it
C01 076 080 MD    should
C01 076 090 BE    be
C01 077 010 VBN   said
C01 077 011 ,     ,
C01 077 020 IN    by
C01 077 030 NN    government
C01 077 040 NNS   policies
C01 077 050 WP    which
C01 077 060 HV    have
C01 077 070 VBN   provided
C01 077 080 AT    an
C01 078 010 NN    environment
C01 078 020 IN    in
C01 078 030 WDT   which
C01 078 040 NNS   enterprises
C01 078 050 MD    could
C01 078 060 VB    grow
C01 078 070 CC    and
C01 078 080 VB    flourish
C01 078 081 ,     ,
C01 079 010 CC    but
C01 079 020 WP    which
C01 079 030 HV    have
C01 079 040 XNOT  not
C01 079 050 BEN   been
C01 079 060 VBN   based
C01 079 070 IN    on
C01 079 080 ATI   the
C01 079 090 JJ    mistaken
C01 079 100 NN    assumption
C01 080 010 CS    that
C01 080 020 NN    competition
C01 080 030 IN    on
C01 080 040 NN    world
C01 080 050 NNS   markets
C01 080 060 BEZ   is
C01 080 070 RB    largely
C01 080 080 IN    between
C01 080 090 NNS   states
C01 080 091 .     .
C01 082 001 ----- -------------------------------------------
C01 082 010 VB    let
C01 082 020 PP1O  me
C01 082 030 VB    quote
C01 082 040 DT    another
C01 082 050 JJ    official
C01 082 060 NN    instance
C01 082 070 IN    of
C01 082 080 JJ    unreflecting
C01 083 010 NN    centralism
C01 083 011 ,     ,
C01 083 020 WP    which
C01 083 030 MD    will
C01 083 040 VB    take
C01 083 050 PP1OS us
C01 083 060 RP    back
C01 083 070 IN    into
C01 083 080 NN    energy
C01 083 090 NN    policy
C01 083 091 .     .
C01 083 092 ----- -------------------------------------------
C01 083 100 AT    a
C01 084 010 AP    few
C01 084 020 NNS   years
C01 084 030 RB    ago
C01 084 031 ,     ,
C01 084 040 IN    in
C01 084 050 AT    an
C01 084 060 JJ    interesting
C01 084 070 NN    letter
C01 084 080 IN    to
C01 084 081 *'    "
C01 084 090 ATI   The
C01 084 100 NP    Times
C01 084 101 **'   "
C01 084 110 IN    about
C01 085 010 ATI   the
C01 085 020 NP    United
C01 085 030 NPL   Kingdom
C01 085 040 JJ    nuclear
C01 085 050 NN    power
C01 085 060 NN    programme
C01 085 061 ,     ,
C01 085 070 AT    a
C01 085 080 AP    former
C01 085 090 JJ    senior
C01 086 010 JNP   British
C01 086 020 NN    government
C01 086 030 NN    official
C01 086 031 ,     ,
C01 086 040 NP    Peter
C01 086 050 NP    Vinter
C01 086 051 ,     ,
C01 086 060 VBD   observed
C01 086 070 CS    that
C01 087 001 *'    '
C01 087 010 IN    as
C01 087 020 AT    a
C01 087 030 NN    nation
C01 087 040 PP1AS we
C01 087 050 HV    have
C01 087 060 XNOT  not
C01 087 070 RB    yet
C01 087 080 VBN   succeeded
C01 087 090 IN    in
C01 087 100 VBG   setting
C01 087 110 RP    up
C01 087 120 AT    an
C01 088 010 JJ    effective
C01 088 020 JJ    nuclear
C01 088 030 NN    reactor
C01 088 040 NN    construction
C01 088 050 NN    company
C01 088 051 **'   '
C01 088 052 .     .
C01 088 053 ----- -------------------------------------------
C01 088 060 PP1A  I
C01 088 070 VB    think
C01 089 010 PP$   his
C01 089 020 NN    point
C01 089 030 BEZ   is
C01 089 040 AT    a
C01 089 050 JJ    fair
C01 089 060 CD1   one
C01 089 061 ,     ,
C01 089 070 CC    and
C01 089 080 RB    perhaps
C01 089 090 PP3A  he                        >
C01 089 091 MD    'd                        <
C01 089 100 VB    say
C01 089 110 ATI   the
C01 089 120 AP    same
C01 089 130 NR    today
C01 089 131 .     .
C01 090 001 ----- -------------------------------------------
C01 090 010 CC    but
C01 090 020 WRB   why
C01 090 030 MD    should
C01 090 040 PP3   it
C01 090 050 BE    be
C01 090 060 ATI   the
C01 090 070 JJ    collective
C01 090 080 NN    responsibility
C01 090 090 IN    of
C01 090 091 *'    '
C01 090 100 PP1AS we
C01 091 010 IN    as
C01 091 020 AT    a
C01 091 030 NN    nation
C01 091 031 **'   '
C01 091 040 TO    to
C01 091 050 VB    establish
C01 091 060 AT    a
C01 091 070 JJ    nuclear
C01 091 080 NN    reactor
C01 091 090 NN    construction
C01 092 010 NN    company
C01 092 011 ?     ?
C01 092 012 ----- -------------------------------------------
C01 092 020 WRB   why
C01 092 030 MD    should
C01 092 040 ABL   such
C01 092 050 AT    a
C01 092 060 NN    company
C01 092 061 ,     ,
C01 092 070 CS    if
C01 092 080 RB    indeed
C01 092 090 EX    there                     >
C01 092 091 BEZ   's                        <
C01 092 100 AT    a
C01 093 010 NN    place
C01 093 020 IN    for
C01 093 030 PP3   it
C01 093 031 ,     ,
C01 093 040 XNOT  not
C01 093 050 VB    emerge
C01 093 060 IN    from
C01 093 070 ATI   the
C01 093 080 JJ    impersonal
C01 093 090 JJ    competitive
C01 094 010 NN    selection
C01 094 020 NN    process
C01 094 030 IN    of
C01 094 040 NNS   markets
C01 094 041 ,     ,
C01 094 050 IN    without
C01 094 060 NN    benefit
C01 094 070 IN    of
C01 094 080 JJB   high-level
C01 095 010 JJ    official
C01 095 020 NNS   committees
C01 095 021 ?     ?
C01 097 001 ----- -------------------------------------------
C01 097 010 ATI   the
C01 097 020 NN    history
C01 097 030 IN    of
C01 097 040 JNP   British
C01 097 050 JJ    nuclear
C01 097 060 NN    power
C01 097 070 NNS   programmes
C01 097 080 IN    over
C01 097 090 ATI   the
C01 097 100 JJB   past
C01 098 010 CD    30
C01 098 020 NNS   years
C01 098 030 VBZ   provides
C01 098 040 AT    a
C01 098 050 JJ    depressing
C01 098 060 NN    example
C01 098 070 IN    of
C01 098 080 JJ    unreflecting
C01 099 010 NN    centralism
C01 099 020 IN    in
C01 099 030 NN    action
C01 099 031 *-    -
C01 099 040 RB    stoutly
C01 099 050 VBN   reinforced
C01 099 051 ,     ,
C01 099 060 PP1A  I
C01 099 070 MD    may
C01 099 080 VB    add
C01 099 081 ,     ,
C01 099 090 IN    by
C01 100 010 AP    other
C01 100 020 NNS   forms
C01 100 030 IN    of
C01 100 040 NP    DIYE
C01 100 041 .     .
C01 100 042 ----- -------------------------------------------
C01 100 050 CD1   one
C01 100 060 NN    aspect
C01 100 070 IN    of
C01 100 080 DT    this
C01 100 090 NN    centralism
C01 100 100 BEZ   is
C01 100 110 ATI   the
C01 101 010 NN    idea
C01 101 011 ,     ,
C01 101 020 WP    which
C01 101 030 HVZ   has
C01 101 040 BEN   been
C01 101 050 VBN   embraced
C01 101 060 IN    by
C01 101 070 JJ    successive
C01 101 080 JNP   British
C01 102 010 NNS   governments
C01 102 020 IN    of
C01 102 030 ABX   both
C01 102 040 NNS   parties
C01 102 041 ,     ,
C01 102 050 CS    that
C01 102 060 AT    a
C01 102 070 NN    choice
C01 102 080 HVZ   has
C01 102 090 TO    to
C01 102 100 BE    be
C01 102 110 VBN   made
C01 102 120 IN    at
C01 103 010 NP    Cabinet
C01 103 020 NN    level
C01 103 030 IN    of
C01 103 040 CD1   one
C01 103 050 JJ    particular
C01 103 060 NN    reactor
C01 103 070 NN    system
C01 103 080 IN    for
C01 103 090 NN    future
C01 104 010 JJ    nuclear
C01 104 020 NN    power
C01 104 030 NNS   stations
C01 104 040 IN    in
C01 104 050 NP    Britain
C01 104 051 .     .
C01 104 052 ----- -------------------------------------------
C01 104 060 RN    here
C01 104 061 ,     ,
C01 104 070 IN    for
C01 104 080 NN    instance
C01 104 081 ,     ,
C01 104 090 BEZ   is
C01 105 010 NPT   Mr
C01 105 020 NP    David
C01 105 030 NP    Howell
C01 105 040 VBG   giving
C01 105 050 NN    evidence
C01 105 060 IN    to
C01 105 070 AT    a
C01 105 080 NPL   House
C01 105 090 IN    of
C01 105 100 NP    Commons
C01 105 110 JJB   Select
C01 106 010 NNP   Committee
C01 106 020 IN    in
C01 106 030 CD    1980
C01 106 031 ,     ,
C01 106 040 WRB   when
C01 106 050 PP3A  he
C01 106 060 BEDZ  was
C01 106 070 NPT   Secretary
C01 106 080 IN    of
C01 106 090 NNP   State
C01 106 100 IN    for
C01 106 110 NNP   Energy
C01 107 010 IN    under
C01 107 020 NPT   Mrs
C01 107 030 NP    Thatcher
C01 107 031 :     :
C01 107 032 *'    '
C01 107 033 ...   ...
C01 107 040 PP1AS we
C01 107 050 MD    must
C01 107 060 VB    develop
C01 107 070 AT    a
C01 107 080 JJ    sound
C01 107 090 JJ    thermal
C01 108 010 NN    reactor
C01 108 020 NN    strategy
C01 108 021 ,     ,
C01 108 022 **'   '
C01 108 030 PP3A  he
C01 108 040 VBD   said
C01 108 041 ,     ,
C01 108 042 *'    '
C01 108 050 PP1AS we                        >
C01 108 051 BER   're                       <
C01 108 060 RB    virtually
C01 108 070 ATI   the
C01 108 080 AP    only
C01 108 090 JJ    major
C01 109 010 JJ    industrialised
C01 109 020 NN    country
C01 109 030 IN    without
C01 109 040 AT    a
C01 109 050 JJ    chosen
C01 109 060 NN    reactor
C01 109 070 NN    system
C01 110 010 JJ    available
C01 110 020 IN    for
C01 110 030 NN    series
C01 110 040 VBG   ordering
C01 110 041 ..    ...
C01 110 050 P1AS  we
C01 110 060 MD    can
C01 110 070 XNOT  not
C01 110 080 VB    continue
C01 110 090 TO    to
C01 110 100 VB    run
C01 111 010 CD    two
C01 111 020 NNS   systems
C01 111 030 RB    indefinitely
C01 111 031 ...   ...
C01 111 032 **'   '
C01 113 001 ----- -------------------------------------------
C01 113 010 RN    here
C01 113 020 RB    again
C01 113 030 PP3   it                        >
C01 113 031 BEZ   's                        <
C01 113 032 *'    '
C01 113 040 PP1AS we
C01 113 050 IN    as
C01 113 060 AT    a
C01 113 070 NN    nation
C01 113 071 **'   '
C01 113 072 ,     ,
C01 113 080 IN    with
C01 113 090 PP$   Her
C01 113 100 NNP$  Majesty's
C01 114 010 NP    Government
C01 114 020 IN    as
C01 114 030 NN    agent
C01 114 031 ,     ,
C01 114 040 WP    that
C01 114 050 HVZ   has
C01 114 060 TO    to
C01 114 070 VB    decide
C01 114 080 DTS   these
C01 114 090 NNS   things
C01 114 091 .     .
C01 114 092 ----- -------------------------------------------
C01 114 100 IN    in
C01 115 010 NPT   Mr
C01 115 020 NP$   Howell's
C01 115 030 NN    world
C01 115 031 ,     ,
C01 115 040 IN    in
C01 115 050 ATI   the
C01 115 060 NN    world
C01 115 070 IN    of
C01 115 080 PP$   his
C01 115 090 NNS   predecessors
C01 115 100 CC    and
C01 115 110 PP$   his
C01 116 010 NNS   successors
C01 116 020 CC    and
C01 116 030 PP$   their
C01 116 040 JJ    official
C01 116 050 NNS   advisers
C01 116 051 ,     ,
C01 116 060 ATI   no
C01 116 070 AP    other
C01 116 080 JJ    practical
C01 117 010 NN    possibility
C01 117 020 VBZ   exists
C01 117 021 .     .
C01 117 022 ----- -------------------------------------------
C01 117 030 PP3   it                        >
C01 117 031 HVZ   's                        <
C01 117 040 BEN   been
C01 117 050 VBN   taken
C01 117 060 IN    for
C01 117 070 VBN   granted
C01 117 071 ,     ,
C01 117 080 WDT   whatever
C01 118 010 ATI   the
C01 118 020 NN    party
C01 118 030 IN    in
C01 118 040 NN    office
C01 118 041 ,     ,
C01 118 050 CS    that
C01 118 060 ATI   the
C01 118 070 NPT   Secretary
C01 118 080 IN    of
C01 118 090 NNP   State
C01 118 100 IN    for
C01 118 110 NNP   Energy
C01 118 111 ,     ,
C01 119 010 CC    or
C01 119 020 RB    indeed
C01 119 030 ATI   the
C01 119 040 NP    Cabinet
C01 119 050 PPL   itself
C01 119 051 ,     ,
C01 119 060 MD    must
C01 119 070 VB    determine
C01 119 080 ATI   the
C01 119 090 NN    size
C01 119 100 IN    of
C01 120 010 ATI   the
C01 120 020 JJ    nuclear
C01 120 030 NN    power
C01 120 040 NN    programme
C01 120 041 ,     ,
C01 120 050 ATI   the
C01 120 060 NN    choice
C01 120 070 IN    of
C01 120 080 NN    reactor
C01 120 090 CC    and
C01 120 100 ATI   the
C01 121 010 JJ    appropriate
C01 121 020 NN    structure
C01 121 030 IN    for
C01 121 040 ATI   the
C01 121 050 JJ    nuclear
C01 121 060 NN    industry
C01 121 061 .     .
C01 123 001 ----- -------------------------------------------
C01 123 010 CC    but
C01 123 011 ,     ,
C01 123 020 IN    in
C01 123 030 NN    fact
C01 123 031 ,     ,
C01 123 040 EX    there
C01 123 050 BER   are
C01 123 060 AP    other
C01 123 070 NNS   ways
C01 123 080 IN    of
C01 123 090 VBG   handling
C01 123 100 DTS   these
C01 123 110 NNS   issues
C01 123 111 .     .
C01 124 001 ----- -------------------------------------------
C01 124 010 AT    a
C01 124 020 AP    few
C01 124 030 NNS   years
C01 124 040 RB    ago
C01 124 050 AT    an
C01 124 060 JJ    interesting
C01 124 070 NN    article
C01 124 080 VBD   made
C01 124 090 PP1O  me
C01 124 100 JJ    aware
C01 124 110 IN    of
C01 124 120 WRB   how
C01 125 010 JJ    nuclear
C01 125 020 NN    power
C01 125 030 HVD   had
C01 125 040 VBN   developed
C01 125 050 IN    in
C01 125 060 NP    Switzerland
C01 125 061 .     .
C01 125 062 ----- -------------------------------------------
C01 125 070 ATI   the
C01 125 080 NN    title
C01 125 090 IN    of
C01 126 010 ATI   the
C01 126 020 NN    article
C01 126 021 ,     ,
C01 126 030 RB    significantly
C01 126 031 ,     ,
C01 126 040 BEDZ  was
C01 126 041 *'    '
C01 126 050 WRB   how
C01 126 060 NP    Switzerland
C01 126 070 HVZ   has
C01 127 010 VBN   benefited
C01 127 020 IN    from
C01 127 030 ATI   the
C01 127 040 NN    market
C01 127 050 NN    approach
C01 127 051 **'   '
C01 127 052 .     .
C01 127 053 ----- -------------------------------------------
C01 127 060 IN    at
C01 127 070 ATI   the
C01 127 080 NN    time
C01 127 090 WRB   when
C01 127 100 PP3   it
C01 128 010 VBD   appeared
C01 128 011 ,     ,
C01 128 020 EX    there
C01 128 030 BED   were
C01 128 040 CD    four
C01 128 050 JJ    nuclear
C01 128 060 NNS   reactors
C01 128 070 IN    in
C01 128 080 NN    operation
C01 129 010 IN    within
C01 129 020 NP    Switzerland
C01 129 021 ,     ,
C01 129 030 IN    at
C01 129 040 CD    three
C01 129 050 JJ    different
C01 129 060 NN    power
C01 129 070 NNS   stations
C01 129 071 .     .
C01 129 072 ----- -------------------------------------------
C01 129 080 ATI   the
C01 130 010 NN    choice
C01 130 020 IN    of
C01 130 030 NNS   reactors
C01 130 031 ,     ,
C01 130 040 IN    as
C01 130 050 IN    of
C01 130 060 AP    other
C01 130 070 NNS   systems
C01 130 080 CC    and
C01 130 090 NN    equipment
C01 130 100 IN    in
C01 130 110 ATI   the
C01 131 010 NNS   stations
C01 131 011 ,     ,
C01 131 020 BEDZ  was
C01 131 030 VBN   made
C01 131 040 XNOT  not
C01 131 050 IN    by
C01 131 060 ATI   the
C01 131 070 JJ    federal
C01 131 080 NN    government
C01 131 090 CC    but
C01 131 100 IN    by
C01 131 110 ATI   the
C01 132 010 JJ    individual
C01 132 020 NNS   utilities
C01 132 030 VBN   concerned
C01 132 031 ,     ,
C01 132 040 WP    which
C01 132 050 BER   are
C01 132 060 JJ    small
C01 132 070 IN    by
C01 132 080 JNP   British
C01 133 010 NNS   standards
C01 133 011 ,     ,
C01 133 020 CS    since
C01 133 030 ATI   the
C01 133 040 JNP   Swiss
C01 133 050 NN    electricity
C01 133 060 NN    supply
C01 133 070 NN    industry
C01 133 080 BEZ   is
C01 134 010 RB    much
C01 134 020 QL    more
C01 134 030 JJ    decentralised
C01 134 031 .     .
C01 134 032 ----- -------------------------------------------
C01 134 040 CD    two
C01 134 050 JJ    different
C01 134 060 NN    reactor
C01 134 070 NNS   systems
C01 134 080 HV    have
C01 135 010 BEN   been
C01 135 020 VBN   chosen
C01 135 030 CC    and
C01 135 040 BER   are
C01 135 050 IN    in
C01 135 060 NN    operation
C01 135 061 .     .
C01 135 062 ----- -------------------------------------------
C01 135 070 IN    according                             VBG
C01 135 080 IN"   to                                    IN
C01 135 090 ATI   the
C01 135 100 NN    article
C01 135 101 ,     ,
C01 136 001 *'    '
C01 136 010 ATI   the
C01 136 020 CD    four
C01 136 030 JJ    operating
C01 136 040 JJ    nuclear
C01 136 050 NNS   units
C01 136 060 BED   were
C01 136 070 VBN   built
C01 136 080 IN    in
C01 136 090 RB    remarkably
C01 137 010 JJ    good
C01 137 020 NN    time
C01 137 030 CC    and
C01 137 040 IN    within
C01 137 050 PP$   their
C01 137 060 JJ    original
C01 137 070 NN    cost
C01 137 080 NN    budget
C01 137 081 **'   '
C01 137 082 *-    -
C01 137 090 AT    an
C01 138 010 NN    achievement
C01 138 011 ,     ,
C01 138 020 PP1A  I
C01 138 030 MD    might
C01 138 040 VB    add
C01 138 041 ,     ,
C01 138 050 WP    which
C01 138 060 BEZ   is
C01 138 070 IN    in
C01 138 080 JJ    marked
C01 138 090 NN    contrast
C01 138 100 IN    with
C01 139 010 JNP   British
C01 139 020 NNS   results
C01 139 030 IN    over
C01 139 040 ATI   the
C01 139 050 JJB   past
C01 139 060 CD    two
C01 139 070 NNS   decades
C01 139 071 .     .
C01 139 072 ----- -------------------------------------------
C01 139 080 CS    as
C01 139 090 IN    to
C01 139 100 JJ    operating
C01 140 010 NN    performance
C01 140 011 ,     ,
C01 140 020 AT    a
C01 140 030 JJ    recent
C01 140 040 JJ    comparative
C01 140 050 NN    table
C01 140 060 VBZ   shows
C01 140 070 ATI   the
C01 140 080 NN    load
C01 141 010 NNS   factors
C01 141 020 VBN   achieved
C01 141 030 IN    around
C01 141 040 ATI   the
C01 141 050 NN    world
C01 141 060 IN    by
C01 141 070 CD    232
C01 141 080 JJ    nuclear
C01 141 090 NNS   reactors
C01 141 091 .     .
C01 142 001 ----- -------------------------------------------
C01 142 010 VBG   taking
C01 142 020 JJ    cumulative
C01 142 030 NN    performance
C01 142 040 IN    over
C01 142 050 ATI   the
C01 142 060 JJ    whole
C01 142 070 VBG   operating
C01 142 080 NNS   lives
C01 143 010 IN    of
C01 143 020 DTS   these
C01 143 030 NNS   reactors
C01 143 031 ,     ,
C01 143 040 ATI   the
C01 143 050 JJT   best
C01 143 060 IN    of
C01 143 070 ATI   the
C01 143 080 JNP   Swiss
C01 143 090 NN    quartet
C01 143 100 BEDZ  was
C01 143 110 VBN   ranked
C01 144 010 OD    third
C01 144 020 RP    out
C01 144 030 IN    of
C01 144 040 ATI   the
C01 144 050 CD    232
C01 144 051 ,     ,
C01 144 060 CS    while
C01 144 070 ATI   the
C01 144 080 JJT   worst
C01 144 090 BEDZ  was
C01 144 100 VBN   placed
C01 144 110 IN    at
C01 144 120 OD    29th
C01 144 121 .     .
C01 146 001 ----- -------------------------------------------
C01 146 010 CD1   one
C01 146 020 NN    reason
C01 146 030 IN    for
C01 146 040 NN    centralism
C01 146 041 ,     ,
C01 146 050 WP    which
C01 146 060 VBZ   applies
C01 146 070 IN    in
C01 146 080 NN    energy
C01 146 090 NN    policy
C01 147 010 CC    and
C01 147 020 AT    a
C01 147 030 NN    number
C01 147 040 IN    of
C01 147 050 AP    other
C01 147 060 NNS   fields
C01 147 061 ,     ,
C01 147 070 BEZ   is
C01 147 080 ATI   the
C01 147 090 JJ    uncritical
C01 147 100 NN    acceptance
C01 148 010 IN    of
C01 148 020 WDT   what
C01 148 030 PP1A  I
C01 148 040 VBD   called
C01 148 050 AP    last
C01 148 060 NN    week
C01 148 061 *'    "
C01 148 070 JJ    essentialist
C01 148 071 **'   "
C01 148 080 NNS   ideas
C01 148 081 .     .
C01 148 082 ----- -------------------------------------------
C01 148 090 IN    in
C01 148 100 ATI   the
C01 149 010 NN    case
C01 149 020 IN    of
C01 149 030 NN    energy
C01 149 031 ,     ,
C01 149 040 DT    each
C01 149 050 NN    country
C01 149 060 BEZ   is
C01 149 070 VBN   perceived
C01 149 080 CS    as
C01 149 090 HVG   having
C01 149 100 NNS   needs
C01 150 010 WP    which
C01 150 020 MD    must
C01 150 030 BE    be
C01 150 040 VBN   met
C01 150 041 ,     ,
C01 150 050 CC    and
C01 150 060 DT    each
C01 150 070 JJ    national
C01 150 080 NN    government
C01 150 090 IN    as
C01 150 100 HVG   having
C01 151 010 AT    an
C01 151 020 JJ    inescapable
C01 151 030 NN    responsibility
C01 151 040 TO    to
C01 151 050 VB    anticipate
C01 151 060 CC    and
C01 151 070 VB    provide
C01 152 010 IN    for
C01 152 020 DTS   these
C01 152 030 NNS   needs
C01 152 031 .     .
C01 152 032 ----- -------------------------------------------
C01 152 040 IN    in
C01 152 050 ATI   the
C01 152 060 QL    more
C01 152 070 JJ    rustic
C01 152 080 NNS   treatments
C01 152 090 IN    of
C01 152 100 DTS   these
C01 153 010 NNS   questions
C01 153 011 ,     ,
C01 153 020 NN    reference
C01 153 030 BEZ   is
C01 153 040 VBN   made
C01 153 050 IN    to
C01 153 060 AT    a
C01 153 070 JJ    possible
C01 153 071 *'    '
C01 153 080 NN    energy
C01 153 090 NN    gap
C01 153 091 **'   '
C01 153 100 WP    which
C01 154 010 ATI   the
C01 154 020 NN    government
C01 154 030 HVZ   has
C01 154 040 TO    to
C01 154 050 VB    ensure
C01 154 060 BEZ   is
C01 154 070 VBN   bridged
C01 154 071 .     .
C01 154 072 ----- -------------------------------------------
C01 154 080 RB    even
C01 154 090 IN    in
C01 154 100 QL    more
C01 155 010 JJ    sophisticated
C01 155 020 JJ    official
C01 155 030 NNS   presentations
C01 155 031 ,     ,
C01 155 040 NNS   governments
C01 155 050 RB    usually
C01 156 010 VB    appear
C01 156 020 IN    as
C01 156 030 JJ    indispensable
C01 156 040 NNS   providers
C01 156 041 .     .
C01 156 042 ----- -------------------------------------------
C01 156 050 RN    here
C01 156 060 RB    again
C01 156 070 BEZ   is
C01 156 080 NP    David
C01 157 010 NP    Howell
C01 157 011 ,     ,
C01 157 020 IN    from
C01 157 030 PP$   his
C01 157 040 NN    period
C01 157 050 IN    as
C01 157 060 NPT   Secretary
C01 157 070 IN    of
C01 157 080 NNP   State
C01 157 090 IN    for
C01 157 100 NNP   Energy
C01 157 101 :     :
C01 159 010 ATI   the
C01 159 020 NP    Government
C01 159 021 ,     ,
C01 159 030 IN    in
C01 159 040 NPT   Mr
C01 159 050 NP$   Howell's
C01 159 060 NN    view
C01 159 061 ,     ,
C01 159 070 MD    must
C01 159 080 VB    ensure
C01 159 090 CS    that
C01 159 100 PP1AS we
C01 160 010 HV    have
C01 160 020 DTI   enough
C01 160 030 NN    energy
C01 160 040 IN    in
C01 160 050 ATI   the
C01 160 060 NN    future
C01 160 070 TO    to
C01 160 080 VB    heat
C01 160 090 PP$   our
C01 160 100 NNS   homes
C01 160 110 CC    and
C01 161 010 TO    to
C01 161 020 VB    power
C01 161 030 PP$   our
C01 161 040 NNS   industries
C01 161 041 .     .
C01 161 042 ----- -------------------------------------------
C01 161 050 NN    failure
C01 161 060 TO    to
C01 161 070 VB    achieve
C01 161 080 DT    this
C01 161 090 MD    could
C01 162 010 VB    mean
C01 162 020 JJR   lower
C01 162 030 JJ    living
C01 162 040 NNS   standards
C01 162 050 IN    for
C01 162 060 PP1OS us
C01 162 070 ABN   all
C01 162 080 CC    and
C01 162 090 AT    a
C01 162 100 QL    very
C01 162 110 JJ    severe
C01 163 010 NN    constraint
C01 163 020 IN    on
C01 163 030 PP$   our
C01 163 040 NN    society
C01 163 041 .     .
C01 165 001 ----- -------------------------------------------
C01 165 010 CS    so
C01 165 020 NN    essentialism
C01 165 030 VBZ   leads
C01 165 040 RB    naturally
C01 165 050 IN    to
C01 165 060 JJ    unreflecting
C01 165 070 NN    centralism
C01 165 071 .     .
C01 166 001 ----- -------------------------------------------
C01 166 010 RB    also
C01 166 020 RN    here
C01 166 030 IN    in
C01 166 040 PP$   its
C01 166 050 NN    place
C01 166 060 IN    on
C01 166 070 ATI   the
C01 166 080 NP    DIYE
C01 166 090 NN    stage
C01 166 100 BEZ   is
C01 166 110 NPT   Mr
C01 166 120 NP$   Micawber's
C01 167 010 NN    dichotomy
C01 167 011 :     :
C01 167 020 DTX   either
C01 167 030 NN    we-as-a-nation
C01 167 040 HV    have
C01 167 050 DTI   enough
C01 167 060 NN    energy
C01 167 070 CC    or
C01 167 080 PP1AS we
C01 168 010 DO    do                        >
C01 168 011 XNOT  n't                       <
C01 168 012 .     .
C01 168 013 ----- -------------------------------------------
C01 168 020 CC    but
C01 168 030 WP    who                       >
C01 168 031 BEZ   's                        <
C01 168 040 TO    to
C01 168 050 VB    say
C01 168 060 WRB   how
C01 168 070 AP    much
C01 168 080 BEZ   is
C01 168 090 DTI   enough
C01 168 091 ?     ?
C01 168 092 ----- -------------------------------------------
C01 168 100 PP2   you                       >
C01 168 101 MD    'll                       <
C01 168 110 VB    search
C01 169 010 IN    in
C01 169 020 JJ    vain
C01 169 030 IN    in
C01 169 040 JJ    official
C01 169 050 JNP   White
C01 169 060 NNPS  Papers
C01 169 070 CC    and
C01 169 080 JJ    statistical
C01 169 090 NNS   publications
C01 170 010 IN    for
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C01 170 030 VBG   showing
C01 170 040 JJ    national
C01 170 050 NN    energy
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C01 170 061 ,     ,
C01 170 070 IN    for
C01 170 080 ATI   the
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C01 171 020 CS    that
C01 171 030 ATI   the
C01 171 040 NN    concept
C01 171 050 MD    can
C01 171 060 BE    be
C01 171 070 DTX   neither
C01 171 080 VBN   defined
C01 171 090 CC    nor
C01 171 100 VBN   measured
C01 171 101 .     .
C01 172 001 ----- -------------------------------------------
C01 172 010 CS    if
C01 172 020 PP2   you
C01 172 030 VB    ask
C01 172 040 PN    someone
C01 172 050 WP    who
C01 172 060 VBZ   uses
C01 172 070 ATI   the
C01 172 080 NN    term
C01 172 081 ,     ,
C01 172 090 WDT   what
C01 172 100 BER   are
C01 172 110 ATI   the
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C01 173 010 CC    or
C01 173 020 JJ    prospective
C01 173 030 NN    energy
C01 173 040 NNS   needs
C01 173 050 IN    of
C01 173 060 ATI   the
C01 173 070 NP    United
C01 173 080 NPL   Kingdom
C01 173 081 ,     ,
C01 173 090 ATI   the
C01 173 100 AP    only
C01 174 010 NN    answer
C01 174 020 PP2   you                       >
C01 174 021 MD    'll                       <
C01 174 030 VB    get
C01 174 040 BEZ   is
C01 174 050 AT    a
C01 174 060 NN    figure
C01 174 070 WP    which
C01 174 080 VBZ   relates
C01 174 090 IN    to
C01 174 100 NN    demand
C01 174 101 *-    -
C01 175 010 IN    in
C01 175 020 AP    other
C01 175 030 NNS   words
C01 175 031 ,     ,
C01 175 040 IN    to
C01 175 050 JJ    actual
C01 175 060 CC    or
C01 175 070 JJ    prospective
C01 175 080 NNS   purchases
C01 175 090 IN    of
C01 175 100 NN    energy
C01 176 010 NNS   products
C01 176 011 .     .
C01 176 012 ----- -------------------------------------------
C01 176 020 NN    demand
C01 176 030 BEZ   is
C01 176 040 VBN   identified
C01 176 050 IN    with
C01 176 060 NNS   needs
C01 176 061 ,     ,
C01 176 070 IN    for
C01 176 080 ATI   no
C01 176 090 JJR   better
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C01 177 020 IN    than
C01 177 030 CS    that
C01 177 040 NN    energy
C01 177 041 ,     ,
C01 177 050 IN    like
C01 177 060 NN    food
C01 177 061 ,     ,
C01 177 070 BEZ   is
C01 177 080 VBN   cast
C01 177 090 IN    in
C01 177 100 ATI   the
C01 177 110 NN    soap-opera
C01 178 010 NN    script
C01 178 020 IN    as
C01 178 030 JJ    essential
C01 178 031 .     .
C01 180 001 ----- -------------------------------------------
C01 180 010 DT    this
C01 180 020 VBZ   takes
C01 180 030 ATI   no
C01 180 040 NN    account
C01 180 050 IN    of
C01 180 060 ATI   the
C01 180 070 NN    fact
C01 180 080 CS    that
C01 180 090 XNOT  not
C01 180 100 ABN   all
C01 180 110 NNS   purchases
C01 180 120 IN    of
C01 181 010 AT    a
C01 181 020 NN    product
C01 181 030 CC    or
C01 181 040 NN    service
C01 181 050 BER   are
C01 181 060 IN    of
C01 181 070 JJ    equal
C01 181 080 NN    value
C01 181 090 IN    to
C01 181 100 DTS   those
C01 181 110 WP    who
C01 181 120 VB    make
C01 181 130 PP3OS them
C01 181 131 .     .
C01 182 001 ----- -------------------------------------------
C01 182 010 TO    to
C01 182 020 VB    class
C01 182 030 ABN   all
C01 182 040 NN    energy
C01 182 050 NNS   purchases
C01 182 060 RB    indiscriminately
C01 182 070 IN    as
C01 182 080 JJ    essential
C01 183 010 BEZ   is
C01 183 020 TO    to
C01 183 030 VB    miss
C01 183 040 ATI   the
C01 183 050 NN    point
C01 183 060 CS    that
C01 183 070 AP    most
C01 183 080 NNS   transactions
C01 183 090 VB    take
C01 183 100 NN    place
C01 183 110 IN    at
C01 184 010 ATI   the
C01 184 020 NN    margin
C01 184 021 ;     ;
C01 184 030 CC    and
C01 184 040 IN    at
C01 184 050 ATI   the
C01 184 060 NN    margin
C01 184 070 NN    energy
C01 184 080 NNS   products
C01 184 081 ,     ,
C01 184 090 IN    like
C01 184 100 AP    other
C01 185 010 NNS   products
C01 185 011 ,     ,
C01 185 020 BER   are
C01 185 030 RB    generally
C01 185 040 VBN   valued
C01 185 050 IN    by
C01 185 060 NNS   people
C01 185 070 CC    and
C01 185 080 IN    by
C01 185 090 NNS   businesses
C01 186 010 IN    at
C01 186 020 ATI   the
C01 186 030 NNS   prices
C01 186 040 WP    which
C01 186 050 PP3AS they
C01 186 060 VB    show
C01 186 070 PPLS  themselves
C01 186 080 IN    as
C01 186 090 JJ    willing
C01 186 100 TO    to
C01 186 110 VB    pay
C01 187 010 IN    for
C01 187 020 PP3OS them
C01 187 021 .     .
C01 189 001 ----- -------------------------------------------
C01 189 010 CC    and
C01 189 020 EX    there                     >
C01 189 021 BEZ   's                        <
C01 189 030 AT    a
C01 189 040 JJ    simple
C01 189 050 NN    proof
C01 189 060 IN    to
C01 189 070 NN    hand
C01 189 071 :     :
C01 189 080 NNS   purchases
C01 189 090 IN    of
C01 189 100 NN    energy
C01 190 010 VB    respond
C01 190 020 IN    to
C01 190 030 NNS   changes
C01 190 040 IN    in
C01 190 050 JJ    relative
C01 190 060 NNS   prices
C01 190 061 ,     ,
C01 190 070 WDT   which
C01 190 080 PP3AS they
C01 190 090 MD    would                     >
C01 190 091 XNOT  n't                       <
C01 191 010 CS    if
C01 191 020 PP3AS they
C01 191 030 BED   were
C01 191 040 RB    literally
C01 191 050 NNS   requirements
C01 191 060 WP    that
C01 191 070 HVD   had
C01 191 080 TO    to
C01 191 090 BE    be
C01 191 100 VBN   met
C01 191 101 .     .
C01 192 001 ----- -------------------------------------------
C01 192 010 IN    between
C01 192 020 CD    1973
C01 192 030 CC    and
C01 192 040 CD    1983
C01 192 050 ATI   the
C01 192 060 JJ    real
C01 192 070 JJ    national
C01 192 080 NN    product
C01 192 090 IN    of
C01 192 100 ATI   the
C01 193 010 NP    United
C01 193 020 NPL   Kingdom
C01 193 021 *-    -
C01 193 030 IN    in
C01 193 040 AP    other
C01 193 050 NNS   words
C01 193 051 ,     ,
C01 193 060 ATI   the
C01 193 070 JJ    total
C01 193 080 NN    output
C01 193 090 IN    of
C01 194 010 NNS   goods
C01 194 020 CC    and
C01 194 030 NNS   services
C01 194 031 *-    -
C01 194 040 VBD   rose
C01 194 050 IN    by
C01 194 060 PN    something
C01 194 070 IN    like
C01 194 080 CD    ten
C01 194 090 NNU   per                                   IN
C01 194 100 NNU"  cent                                  NN
C01 194 101 .     .
C01 195 001 ----- -------------------------------------------
C01 195 010 CS    if
C01 195 020 EX    there
C01 195 030 BED   were
C01 195 040 RB    indeed
C01 195 050 JJ    national
C01 195 060 NNS   requirements
C01 195 070 IN    for
C01 195 080 NN    energy
C01 195 090 IN    in
C01 196 010 DTI   any
C01 196 020 JJ    literal
C01 196 030 NN    sense
C01 196 031 ,     ,
C01 196 040 DTS   these
C01 196 050 MD    would
C01 196 060 ATI   no
C01 196 070 NN    doubt
C01 196 080 HV    have
C01 196 090 VBN   risen
C01 196 100 RB    somewhat
C01 197 010 IN    in
C01 197 020 NN    response
C01 197 021 .     .
C01 197 022 ----- -------------------------------------------
C01 197 030 CC    but
C01 197 040 IN    over
C01 197 050 DTS   these
C01 197 060 CD    ten
C01 197 070 NNS   years
C01 197 080 JJ    estimated
C01 197 090 JJ    inland
C01 198 010 NN    energy
C01 198 020 NN    consumption
C01 198 030 RB    actually
C01 198 040 VBD   fell
C01 198 041 ,     ,
C01 198 050 IN    by
C01 198 060 AP    more
C01 198 070 IN    than
C01 198 080 CD    ten
C01 198 090 NNU   per                                   IN
C01 198 100 NNU"  cent                                  NN
C01 198 101 .     .
C01 199 001 ----- -------------------------------------------
C01 199 010 DT    this
C01 199 011 ,     ,
C01 199 020 IN    of
C01 199 030 NN    course
C01 199 031 ,     ,
C01 199 040 BEDZ  was
C01 199 050 XNOT  not
C01 199 060 CS    because
C01 199 070 ATI   the
C01 199 080 NN    government
C01 199 090 VBD   failed
C01 199 100 IN    in
C01 199 110 PP$   its
C01 200 010 JJ    supposed
C01 200 020 NN    duty
C01 200 030 IN    as
C01 200 040 NN    provider
C01 200 041 ,     ,
C01 200 050 CC    but
C01 200 060 RB    largely
C01 200 070 CS    because
C01 200 080 NN    energy
C01 200 090 NNS   prices
C01 201 010 VBD   rose
C01 201 020 RB    considerably
C01 201 030 IN    in
C01 201 040 NN    relation
C01 201 050 IN    to
C01 201 060 AP    other
C01 201 070 NNS   prices
C01 201 071 .     .
C01 201 072 ----- -------------------------------------------
C01 201 080 ATI   the
C01 201 090 NN    pattern
C01 202 010 IN    of
C01 202 020 NN    expenditure
C01 202 030 VBD   changed
C01 202 040 RB    accordingly
C01 202 041 ,     ,
C01 202 050 VBG   reflecting
C01 202 060 JJ    individual
C01 203 010 NNS   decisions
C01 203 020 VBN   based
C01 203 030 IN    on
C01 203 040 NN    willingness
C01 203 050 TO    to
C01 203 060 VB    pay
C01 203 061 .     .
C01 205 001 ----- -------------------------------------------
C01 205 010 RN    now
C01 205 020 IN    at
C01 205 030 DT    this
C01 205 040 NN    point
C01 205 050 PP1A  I
C01 205 060 VB    fancy
C01 205 070 PP1A  I
C01 205 080 VB    hear
C01 205 090 ATI   the
C01 205 100 NNS   groans
C01 205 110 IN    from
C01 205 120 DTI   some
C01 205 130 IN    of
C01 206 010 PP$   my
C01 206 020 JJ    professional
C01 206 030 NNS   colleagues
C01 206 031 .     .
C01 206 032 ----- -------------------------------------------
C01 206 040 NP    Henderson
C01 206 041 ,     ,
C01 206 050 PP3AS they                      >
C01 206 051 BER   're                       <
C01 206 060 VBG   saying
C01 206 061 ,     ,
C01 206 070 BEZ   is
C01 207 010 VBG   wasting
C01 207 020 ATI   the
C01 207 030 NP    Reith
C01 207 040 NNPS  Lectures
C01 207 050 VBG   labouring
C01 207 060 NNS   points
C01 207 070 WP    which
C01 207 080 BER   are
C01 207 090 JJ    familiar
C01 208 010 IN    to
C01 208 020 AT    every
C01 208 030 JJB   first-year
C01 208 040 NN    economics
C01 208 050 NN    student
C01 208 051 ,     ,
C01 208 060 CC    and
C01 208 070 BER   are                       >
C01 208 071 XNOT  n't                       <
C01 208 080 JJ    important
C01 209 010 RB    anyway
C01 209 011 .     .
C01 209 012 ----- -------------------------------------------
C01 209 020 UH    well
C01 209 021 ,     ,
C01 209 030 CS    as
C01 209 040 IN    to
C01 209 050 NN    importance
C01 209 051 ,     ,
C01 209 060 PP1A  I
C01 209 070 MD    shall
C01 209 080 VB    let
C01 209 090 ATI   the
C01 209 100 NN    evidence
C01 210 010 CS    that
C01 210 020 PP1A  I                         >
C01 210 021 HV    've                       <
C01 210 030 VBN   presented
C01 210 031 ,     ,
C01 210 040 CC    and
C01 210 050 MD    will
C01 210 060 VB    present
C01 210 061 ,     ,
C01 210 070 VB    speak
C01 210 080 IN    for
C01 210 090 PPL   itself
C01 210 091 .     .
D01 211 001 ----- -------------------------------------------
C01 211 010 CS    as
C01 211 020 IN    to
C01 211 030 NN    familiarity
C01 211 031 ,     ,
C01 211 040 PP1A  I                         >
C01 211 041 MD    'd                        <
C01 211 050 VB    make
C01 211 060 CD    two
C01 211 070 NNS   responses
C01 211 080 IN    to
C01 211 090 ATI   the
C01 211 100 NNS   critics
C01 211 101 :     :
C01 212 010 RB    first
C01 212 011 ,     ,
C01 212 020 PP3AS they                      >
C01 212 021 BER   're                       <
C01 212 030 RB    badly
C01 212 040 RP    out
C01 212 050 IN    of
C01 212 060 NN    touch
C01 212 070 IN    with
C01 212 080 JJB   first-year
C01 212 090 NN    economics
C01 213 010 NNS   students
C01 213 011 ;     ;
C01 213 020 CC    and
C01 213 030 RB    second
C01 213 031 ,     ,
C01 213 040 PP3AS they
C01 213 050 MD    should
C01 213 060 VB    note
C01 213 070 CS    that
C01 213 080 JJ    intuitive
C01 214 010 JJ    economic
C01 214 020 NNS   ideas
C01 214 030 HV    have
C01 214 040 VBN   cast
C01 214 050 PP$   their
C01 214 060 NN    spell
C01 214 070 XNOT  not
C01 214 080 RB    only
C01 214 090 IN    on
C01 214 100 PP$   our
C01 215 010 JJ    eminent
C01 215 020 JJ    professional
C01 215 030 NN    colleague
C01 215 031 ,     ,
C01 215 040 NPT   Dr
C01 215 050 NP    FitzGerald
C01 215 051 ,     ,
C01 215 060 CC    but
C01 215 070 RB    also
C01 215 080 IN    on
C01 216 010 NPT   Mr
C01 216 020 NP    Howell
C01 216 021 ,     ,
C01 216 030 WP    who
C01 216 040 PPL   himself
C01 216 050 HVZ   has
C01 216 060 AT    a
C01 216 070 OD    First
C01 216 080 NNP   Class
C01 216 090 NN    degree
C01 216 100 IN    in
C01 216 110 NNP   Economics
C01 216 111 .     .
C01 218 001 ----- -------------------------------------------
C01 218 010 ABX   both
C01 218 020 IN    in
C01 218 030 ATI   the
C01 218 040 NN    energy
C01 218 050 NN    field
C01 218 060 CC    and
C01 218 070 RB    elsewhere
C01 218 071 ,     ,
C01 218 080 JJ    essentialist
C01 218 090 NNS   ideas
C01 219 010 VB    lend
C01 219 020 NN    support
C01 219 030 IN    to
C01 219 040 DT    another
C01 219 050 NN    aspect
C01 219 060 IN    of
C01 219 070 NP    DIYE
C01 219 071 ,     ,
C01 219 080 ATI   the
C01 219 090 NN    belief
C01 219 100 CS    that
C01 219 110 NN    autarchy
C01 219 111 ,     ,
C01 220 010 CC    or
C01 220 020 JJ    national
C01 220 030 NN    self-sufficiency
C01 220 031 ,     ,
C01 220 040 BEZ   is
C01 220 050 AT    an
C01 220 060 JJ    important
C01 220 070 NN    goal
C01 220 071 .     .
C01 220 072 ----- -------------------------------------------
C01 220 080 RN    here                      >
C01 220 081 BEZ   's                        <
C01 221 010 AT    a
C01 221 020 JJ    recent
C01 221 030 NN    illustration
C01 221 040 IN    from
C01 221 050 ATI   the
C01 221 060 JNP   European
C01 221 070 NNP   Commission
C01 221 080 IN    in
C01 221 090 NP    Brussels
C01 221 091 .     .
C01 222 001 ----- -------------------------------------------
C01 222 010 ATI   the
C01 222 020 NPT   Commissioner
C01 222 030 IN    for
C01 222 040 NNP   Industry
C01 222 041 ,     ,
C01 222 050 NP    Karl
C01 222 060 NP    Heinz
C01 222 070 NP    Narjes
C01 222 071 ,     ,
C01 222 080 BEDZ  was
C01 222 090 VBN   quoted
C01 223 010 CS    as
C01 223 020 VBG   saying
C01 223 030 CS    that
C01 223 031 :     :
C01 223 032 *'    '
C01 223 040 JJ    current
C01 223 050 NNP   Commission
C01 223 060 NN    policy
C01 223 070 VBZ   seeks
C01 223 080 TO    to
C01 223 090 VB    encourage
C01 224 010 NN    food
C01 224 020 NN    self-sufficiency
C01 224 030 IN    in
C01 224 040 JJ    developing
C01 224 050 NNS   countries
C01 224 060 IN    as
C01 224 070 ATI   the
C01 224 080 AP    only
C01 225 010 JJ    reliable
C01 225 020 JJB   long-term
C01 225 030 NN    solution
C01 225 040 IN    to
C01 225 050 PP$   their
C01 225 060 NNS   needs
C01 225 061 .     .
C01 225 062 **'   '
C01 227 001 ----- -------------------------------------------
C01 227 010 ATI   the
C01 227 020 NN    idea
C01 227 030 CS    that
C01 227 040 PP3   it                        >
C01 227 041 BEZ   's                        <
C01 227 050 JJ    important
C01 227 060 IN    for
C01 227 070 JJ    developing
C01 227 080 NNS   countries
C01 227 090 TO    to
C01 228 010 VB    become
C01 228 020 JJ    self-sufficient
C01 228 030 IN    in
C01 228 040 NN    food
C01 228 050 BEZ   is
C01 228 060 RB    widely
C01 228 070 CC    and
C01 228 080 RB    uncritically
C01 229 010 VBN   accepted
C01 229 011 ,     ,
C01 229 020 XNOT  not
C01 229 030 RB    just
C01 229 040 IN    in
C01 229 050 NP    Brussels
C01 229 051 ;     ;
C01 229 060 CC    but
C01 229 070 IN    from
C01 229 080 ATI   the
C01 229 090 JJ    orthodox
C01 229 100 JJ    economic
C01 230 010 NN    standpoint
C01 230 020 PP3   it                        >
C01 230 021 BEZ   's                        <
C01 230 030 IN    without
C01 230 040 NN    foundation
C01 230 041 .     .
C01 230 042 ----- -------------------------------------------
C01 230 050 EX    there                     >
C01 230 051 BEZ   's                        <
C01 230 060 ATI   no
C01 230 070 JJ    magic
C01 231 010 NN    accession
C01 231 020 IN    of
C01 231 030 NN    strength
C01 231 040 WP    that
C01 231 050 AT    a
C01 231 060 NN    country
C01 231 070 VBZ   derives
C01 231 080 IN    from
C01 231 090 VBG   reducing
C01 232 010 NNS   imports
C01 232 020 IN    of
C01 232 030 NN    food
C01 232 040 IN    to
C01 232 050 NN    zero
C01 232 051 ,     ,
C01 232 060 CS    whether
C01 232 070 IN    for
C01 232 080 JJ    individual
C01 232 090 NNS   commodities
C01 233 010 CC    or
C01 233 020 IN    across
C01 233 030 ATI   the
C01 233 040 JJ    whole
C01 233 050 NN    range
C01 233 051 .     .
C01 233 052 ----- -------------------------------------------
C01 233 060 NP    Hong
C01 233 070 NP    Kong
C01 233 080 HVZ   has
C01 233 090 VBN   developed
C01 233 100 IN    over
C01 233 110 ATI   the
C01 234 010 JJB   past
C01 234 020 CD    three
C01 234 030 NNS   decades
C01 234 040 QL    as
C01 234 050 RB    rapidly
C01 234 060 RB    perhaps
C01 234 070 IN    as
C01 234 080 DTI   any
C01 234 090 NN    country
C01 234 100 IN    in
C01 235 010 NN    history
C01 235 011 .     .
C01 235 012 ----- -------------------------------------------
C01 235 020 PP3   it                        >
C01 235 021 BEZ   's                        <
C01 235 030 IN    at
C01 235 040 NN    present
C01 235 050 JJ    dependent
C01 235 060 IN    on
C01 235 070 NNS   imports
C01 235 080 IN    for
C01 235 090 RB    approximately
C01 236 010 CDS   seven-eighths                       *
C01 236 020 IN    of
C01 236 030 PP$   its
C01 236 040 NN    food
C01 236 050 NN    consumption
C01 236 051 .     .
C01 236 052 ----- -------------------------------------------
C01 236 060 EX    there                     >
C01 236 061 BEZ   's                        <
C01 236 070 ATI   no
C01 236 080 NN    reason
C01 236 090 TO    to
C01 237 010 VB    suppose
C01 237 020 CS    that
C01 237 030 PP3   it
C01 237 040 MD    would
C01 237 050 HV    have
C01 237 060 VBN   gained
C01 237 070 IN    in
C01 237 080 ATI   the
C01 237 090 NN    past
C01 237 091 ,     ,
C01 237 100 CC    or
C01 237 110 MD    would
C01 237 120 VB    gain
C01 238 010 IN    in
C01 238 020 ATI   the
C01 238 030 NN    future
C01 238 031 ,     ,
C01 238 040 IN    from
C01 238 050 JJ    deliberate
C01 238 060 JJ    official
C01 238 070 NNS   attempts
C01 238 080 TO    to
C01 238 090 VB    bring
C01 238 100 RP    down
C01 239 010 DT    this
C01 239 020 NN    ratio
C01 239 021 ,     ,
C01 239 030 CS    while
C01 239 040 CD    100
C01 239 050 NNU   per                                   IN
C01 239 060 NNU"  cent                                  NN
C01 239 070 NN    self-sufficiency
C01 239 080 MD    would
C01 239 090 BE    be
C01 240 010 RB    absurdly
C01 240 020 JJ    costly
C01 240 021 .     .
C01 240 022 ----- -------------------------------------------
C01 240 030 DTX   neither
C01 240 040 IN    in
C01 240 050 NP    Hong
C01 240 060 NP    Kong
C01 240 070 CC    nor
C01 240 080 RB    anywhere
C01 240 090 RB    else
C01 240 100 DOZ   does
C01 241 010 PP3   it
C01 241 020 VB    make
C01 241 030 NN    sense
C01 241 040 TO    to
C01 241 050 VB    specify
C01 241 060 IN    as
C01 241 070 AT    an
C01 241 080 NN    aim
C01 241 090 IN    of
C01 241 100 NN    policy
C01 241 101 ,     ,
C01 241 110 IN    on
C01 241 120 ATI   the
C01 241 130 NN    basis
C01 241 140 IN    of
C01 242 010 JJ    soap-operatic
C01 242 020 NN    intuition
C01 242 030 RB    alone
C01 242 031 ,     ,
C01 242 040 AT    a
C01 242 050 JJ    particular
C01 242 060 NN    ratio
C01 242 070 IN    of
C01 242 080 JJ    domestic
C01 243 010 NN    production
C01 243 020 IN    to
C01 243 030 JJ    total
C01 243 040 NN    consumption
C01 243 041 .     .
C01 243 042 ----- -------------------------------------------
C01 243 050 DT    this
C01 243 060 NN    generalisation
C01 243 070 VBZ   applies
C01 244 010 IN    to
C01 244 020 ABN   all
C01 244 030 NNS   products
C01 244 031 ,     ,
C01 244 040 IN    including
C01 244 050 NN    food
C01 244 051 ,     ,
C01 244 060 CC    and
C01 244 070 IN    to
C01 244 080 ABN   all
C01 244 090 NNS   countries
C01 244 091 ,     ,
C01 244 100 CS    whether
C01 245 010 JJ    rich
C01 245 020 CC    or
C01 245 030 JJ    poor
C01 245 031 .     .
C01 247 001 ----- -------------------------------------------
C01 247 010 IN    for
C01 247 020 DTI   some
C01 247 030 NNS   people
C01 247 031 ,     ,
C01 247 040 DT    this
C01 247 050 NN    statement
C01 247 060 IN    of
C01 247 070 JJ    orthodox
C01 247 080 JJ    economic
C01 247 090 NN    doctrine
C01 248 010 MD    may
C01 248 020 VB    appear
C01 248 030 QL    too
C01 248 040 JJ    unqualified
C01 248 041 ,     ,
C01 248 050 CS    since
C01 248 060 PP3   it
C01 248 070 VBZ   fails
C01 248 080 TO    to
C01 248 090 VB    mention
C01 248 100 RB    explicitly
C01 249 010 NN    security
C01 249 020 IN    of
C01 249 030 NN    supply
C01 249 031 .     .
C01 249 032 ----- -------------------------------------------
C01 249 040 RB    often
C01 249 041 ,     ,
C01 249 050 CS    though
C01 249 060 XNOT  not
C01 249 070 RB    always
C01 249 071 ,     ,
C01 249 080 ATI   the
C01 249 090 NN    case
C01 249 100 IN    for
C01 250 010 NN    self-sufficiency
C01 250 020 BEZ   is
C01 250 030 VBN   argued
C01 250 040 IN    with
C01 250 050 NN    reference
C01 250 060 IN    to
C01 250 070 AT    a
C01 250 080 NN$   country's
C01 250 090 NN    need
C01 251 010 TO    to
C01 251 020 VB    ensure
C01 251 030 NN    security
C01 251 040 IN    by
C01 251 050 VBG   minimising
C01 251 060 NN    dependence
C01 251 070 IN    on
C01 251 080 JJ    foreign
C01 251 090 NNS   sources
C01 251 091 .     .
C01 252 001 ----- -------------------------------------------
C01 252 010 ATI   the
C01 252 020 JJ    outside
C01 252 030 NN    world
C01 252 040 BEZ   is
C01 252 050 VBN   seen
C01 252 060 IN    at
C01 252 070 RBT   best
C01 252 080 IN    as
C01 252 090 JJ    unreliable
C01 252 100 CC    and
C01 252 110 JJ    subject
C01 253 010 IN    to
C01 253 020 NN    instability
C01 253 021 ,     ,
C01 253 030 IN    at
C01 253 040 RBT   worst
C01 253 050 IN    as
C01 253 060 RB    actively
C01 253 070 JJ    hostile
C01 253 071 .     .
C01 253 072 ----- -------------------------------------------
C01 253 080 IN    from
C01 253 090 DT    this
C01 254 001 *'    '
C01 254 010 JJB   fortress-mentality
C01 254 011 **'   '
C01 254 020 NN    standpoint
C01 254 021 ,     ,
C01 254 030 NN    autarchy
C01 254 040 VBZ   appears
C01 254 050 TO    to
C01 254 060 BE    be
C01 255 010 JJ    common
C01 255 020 NN    prudence
C01 255 021 .     .
C01 255 022 ----- -------------------------------------------
C01 255 030 CD    two
C01 255 040 NNS   sets
C01 255 050 IN    of
C01 255 060 NNS   measures
C01 255 070 RN    then
C01 255 080 VB    suggest
C01 255 090 PPLS  themselves
C01 255 091 :     :
C01 256 010 CD1   one
C01 256 020 BEZ   is
C01 256 030 TO    to
C01 256 040 VB    build
C01 256 050 RP    up
C01 256 060 JJ    domestic
C01 256 070 NN    production
C01 256 080 IN    of
C01 256 090 NNS   essentials
C01 256 100 TO    so                                    CS
C01 256 110 TO"   as                                    CS
C01 256 120 TO"   to                                    TO
C01 257 010 VB    reduce
C01 257 020 NNS   imports
C01 257 030 IN    to
C01 257 040 AT    a
C01 257 050 NN    minimum
C01 257 051 ;     ;
C01 257 060 ATI   the
C01 257 070 AP    other
C01 257 080 BEZ   is
C01 257 090 TO    to
C01 257 100 VB    restrict
C01 257 110 NNS   exports
C01 257 111 ,     ,
C01 258 010 TO    so                                    CS
C01 258 020 TO"   as                                    CS
C01 258 030 TO"   to                                    TO
C01 258 040 VB    ensure
C01 258 050 CS    that
C01 258 060 JJ    domestic
C01 258 070 NNS   supplies
C01 258 080 BER   are
C01 258 090 JJ    available
C01 258 100 IN    for
C01 259 010 JJ    domestic
C01 259 020 NN    use
C01 259 021 .     .
C01 261 001 ----- -------------------------------------------
C01 261 010 XNOT  not
C01 261 020 RB    surprisingly
C01 261 021 ,     ,
C01 261 030 ATI   the
C01 261 040 NN    tendency
C01 261 050 TO    to
C01 261 060 VB    think
C01 261 070 IN    in
C01 261 080 DTS   these
C01 261 090 NNS   terms
C01 261 100 HVZ   has
C01 261 110 BEN   been
C01 262 010 VBN   strengthened
C01 262 020 IN    in
C01 262 030 JJ    recent
C01 262 040 NNS   years
C01 262 050 IN    by
C01 262 060 NNS   developments
C01 262 070 IN    on
C01 262 080 JJ    international
C01 263 010 NN    energy
C01 263 020 NNS   markets
C01 263 021 ,     ,
C01 263 030 CC    and
C01 263 040 RB    in
C01 263 050 RB"   particular
C01 263 060 IN    by
C01 263 070 ATI   the
C01 263 080 CD    two
C01 263 090 NN    oil
C01 263 100 NNS   crises
C01 263 110 IN    of
C01 264 010 CD-CD 1973-4
C01 264 020 CC    and
C01 264 030 CD-CD 1979-80
C01 264 031 .     .
C01 264 032 ----- -------------------------------------------
C01 264 040 RN    here
C01 264 041 ,     ,
C01 264 050 IN    for
C01 264 060 NN    example
C01 264 061 ,     ,
C01 264 070 BEZ   is
C01 264 080 ATI   the
C01 264 090 JJ    then
C01 264 100 NPT   President
C01 265 010 IN    of
C01 265 020 ATI   the
C01 265 030 NP    United
C01 265 040 NP    States
C01 265 041 ,     ,
C01 265 050 NP    Richard
C01 265 060 NP    Nixon
C01 265 061 ,     ,
C01 265 070 IN    in
C01 265 080 AT    an
C01 265 090 NNP   Address
C01 265 100 IN    to
C01 265 110 ATI   the
C01 266 010 NNP   Nation
C01 266 020 IN    in
C01 266 030 NR    November
C01 266 040 CD    1973
C01 266 041 ,     ,
C01 266 050 VBG   launching
C01 266 060 ATI   the
C01 266 070 NN    programme
C01 266 080 VBN   known
C01 266 090 IN    as
C01 267 001 *'    '
C01 267 010 NP    Project
C01 267 020 NP    Independence
C01 267 021 **'   '
C01 267 022 :     :
C01 269 010 VB    let
C01 269 020 PP1OS us
C01 269 030 VB    set
C01 269 040 IN    as
C01 269 050 PP$   our
C01 269 060 JJ    national
C01 269 070 NN    goal
C01 269 071 ...   . ..
C01 269 080 CS    that
C01 269 090 IN    by
C01 269 100 ATI   the
C01 269 110 NN    end
C01 269 120 IN    of
C01 269 130 DT    this
C01 270 010 NN    decade
C01 270 020 PP1AS we
C01 270 030 MD    will
C01 270 040 HV    have
C01 270 050 VBN   developed
C01 270 060 ATI   the
C01 270 070 NN    potential
C01 270 080 TO    to
C01 270 090 VB    meet
C01 270 100 PP$   our
C01 271 010 AP    own
C01 271 020 NN    energy
C01 271 021 *'    '
C01 271 030 NNS   needs
C01 271 031 **'   '
C01 271 040 IN    without
C01 271 050 VBG   depending
C01 271 060 IN    on
C01 271 070 DTI   any
C01 271 080 JJ    foreign
C01 271 090 NNS   sources
C01 271 091 .     .
C01 273 001 ----- -------------------------------------------
C01 273 010 RB    again
C01 273 011 ,     ,
C01 273 020 ATI   the
C01 273 030 JNP   American
C01 273 031 *'    '
C01 273 040 NNP   Energy
C01 273 050 NNP   Security
C01 273 060 NNP   Act
C01 273 061 **'   '
C01 273 070 IN    of
C01 273 080 CD    1980
C01 273 090 VBD   laid
C01 274 010 RP    down
C01 274 020 AT    a
C01 274 030 JJ    specific
C01 274 040 NN    programme
C01 274 050 IN    for
C01 274 060 VBG   reducing
C01 274 070 NN    dependence
C01 274 080 IN    on
C01 274 090 JJ    imported
C01 275 010 NN    oil
C01 275 011 ,     ,
C01 275 020 IN    through
C01 275 030 ATI   the
C01 275 040 NN    production
C01 275 050 IN    of
C01 275 051 *'    '
C01 275 060 RB    at                                    IN
C01 275 070 RB"   least                                 AP
C01 275 080 CD    500,000
C01 275 090 NNS   barrels
C01 276 010 IN    of
C01 276 020 JJ    crude
C01 276 030 NN    oil
C01 276 040 IN    per
C01 276 050 NN    day
C01 276 060 IN    of
C01 276 070 JJ    synthetic
C01 276 080 NN    fuel
C01 276 090 IN    by
C01 276 100 CD    1987
C01 276 101 **'   '
C01 276 102 .     .
C01 276 103 ----- -------------------------------------------
C01 276 110 RB    also
C01 276 120 IN    in
C01 277 010 CD    1980
C01 277 011 ,     ,
C01 277 020 IN    following
C01 277 030 ATI   the
C01 277 040 OD    second
C01 277 050 NN    oil
C01 277 060 NN    crisis
C01 277 061 ,     ,
C01 277 070 ATI   the
C01 277 080 JJ    then
C01 277 081 (     (
C01 277 090 NNP   Liberal
C01 277 091 )     )
C01 278 010 NN    government
C01 278 020 IN    of
C01 278 030 NP    Canada
C01 278 040 VBD   adopted
C01 278 050 AT    a
C01 278 060 JJ    comprehensive
C01 278 070 JNP   National
C01 278 080 NNP   Energy
C01 279 010 NNP   Programme
C01 279 011 .     .
C01 279 012 ----- -------------------------------------------
C01 279 020 CD1   one
C01 279 030 IN    of
C01 279 040 ATI   the
C01 279 041 *'    '
C01 279 050 CD    three
C01 279 060 NNS   precepts
C01 279 070 IN    for
C01 279 080 JJ    federal
C01 279 090 NN    action
C01 279 091 **'   '
C01 280 010 VBG   underlying
C01 280 020 PP3   it
C01 280 030 BEDZ  was
C01 280 040 VBN   stated
C01 280 050 CS    as
C01 280 060 BEG   being
C01 280 070 TO    to
C01 280 071 :     :
C01 280 072 *'    '
C01 280 073 ...   ...
C01 280 080 VB    establish
C01 280 090 ATI   the
C01 281 010 NN    basis
C01 281 020 IN    for
C01 281 030 NPS   Canadians
C01 281 040 TO    to
C01 281 050 VB    seize
C01 281 060 NN    control
C01 281 070 IN    of
C01 281 080 PP$   their
C01 281 090 AP    own
C01 281 100 NN    energy
C01 282 010 NN    future
C01 282 020 IN    through
C01 282 030 NN    security
C01 282 040 IN    of
C01 282 050 NN    supply
C01 282 060 CC    and
C01 282 070 JJ    ultimate
C01 282 080 NN    independence
C01 283 010 IN    of
C01 283 020 ATI   the
C01 283 030 NN    world
C01 283 040 NN    market
C01 283 041 **'   '
C01 283 042 .     .
C01 285 001 ----- -------------------------------------------
C01 285 010 UH    well
C01 285 011 ,     ,
C01 285 020 WDT   what                      >
C01 285 021 BEZ   's                        <
C01 285 030 ATI   the
C01 285 040 JJ    orthodox
C01 285 050 NN$   economist's
C01 285 060 NN    response
C01 285 070 IN    to
C01 285 080 DTS   these
C01 286 010 NNS   arguments
C01 286 011 ,     ,
C01 286 020 CC    and
C01 286 030 IN    to
C01 286 040 ATI   the
C01 286 050 NNS   policies
C01 286 060 VBN   based
C01 286 070 IN    on
C01 286 080 PP3OS them
C01 286 081 ?     ?
C01 286 082 ----- -------------------------------------------
C01 286 090 NPT   Mr
C01 286 100 NP    MacQuedy
C01 287 010 MD    would
C01 287 020 VB    agree
C01 287 030 CS    that
C01 287 040 ATI   the
C01 287 050 NN    question
C01 287 060 IN    of
C01 287 070 NN    security
C01 287 080 IN    of
C01 287 090 NN    supply
C01 287 100 HVZ   has
C01 287 110 TO    to
C01 288 010 BE    be
C01 288 020 VBN   faced
C01 288 021 ,     ,
C01 288 030 IN    by
C01 288 040 NNS   governments
C01 288 050 CC    as                                    QL
C01 288 060 CC"   well                                  RB
C01 288 070 CC"   as                                    IN
C01 288 080 IN    by
C01 288 090 AP    other
C01 288 100 NNS   agents
C01 288 110 IN    within
C01 289 010 AT    an
C01 289 020 NN    economy
C01 289 021 ,     ,
C01 289 030 CC    and
C01 289 040 CS    that
C01 289 050 PP3   it
C01 289 060 MD    may
C01 289 070 RB    well
C01 289 080 BE    be
C01 289 090 IN    worth
C01 289 100 NN    while
C01 289 110 TO    to
C01 289 120 VB    incur
C01 289 130 DTI   some
C01 290 010 JJ    extra
C01 290 020 NN    cost
C01 290 030 IN    at
C01 290 040 ATI   the
C01 290 050 NN    margin
C01 290 060 TO    to
C01 290 070 VB    achieve
C01 290 080 AT    a
C01 290 090 JJR   higher
C01 290 100 NN    degree
C01 290 110 IN    of
C01 290 120 NN    security
C01 290 121 .     .
C01 291 001 ----- -------------------------------------------
C01 291 010 CC    but
C01 291 020 NPT   Mr
C01 291 030 NP    MacQuedy
C01 291 040 DOZ   does
C01 291 050 XNOT  not
C01 291 060 VB    share
C01 291 070 ATI   the
C01 291 080 NN    fortress
C01 291 090 NN    mentality
C01 291 091 ,     ,
C01 291 100 CC    nor
C01 291 110 DOZ   does
C01 292 010 PP3A  he
C01 292 020 VB    think
C01 292 030 RB    much
C01 292 040 IN    of
C01 292 050 ATI   the
C01 292 060 NNS   kinds
C01 292 070 IN    of
C01 292 080 JJ    autarchic
C01 292 090 NNS   measures
C01 292 100 WP    that
C01 292 110 BER   are
C01 293 010 VBN   prompted
C01 293 020 IN    by
C01 293 030 PP3   it
C01 293 031 .     .
C01 295 001 ----- -------------------------------------------
C01 295 010 CD1   one
C01 295 020 NN    reason
C01 295 030 IN    for
C01 295 040 NN    scepticism
C01 295 050 BEZ   is
C01 295 060 ATI   the
C01 295 070 JJ    eventual
C01 295 080 NN    fate
C01 295 090 IN    of
C01 295 100 ATI   the
C01 295 110 NN    energy
C01 296 010 NNS   policies
C01 296 020 WP    that
C01 296 030 BED   were
C01 296 040 VBN   launched
C01 296 050 IN    in
C01 296 060 NN    response
C01 296 070 IN    to
C01 296 080 ATI   the
C01 296 090 NN    oil
C01 296 100 NNS   crises
C01 296 110 IN    of
C01 297 010 ATI   the
C01 297 020 CDS   1970s
C01 297 021 .     .
C01 297 022 ----- -------------------------------------------
C01 297 030 WP    who
C01 297 040 RN    now
C01 297 050 VBZ   remembers
C01 297 051 *'    '
C01 297 060 NP    Project
C01 297 070 NP    Independence
C01 297 071 **'   '
C01 297 072 ?     ?
C01 297 073 ----- -------------------------------------------
C01 297 080 IN    in
C01 297 090 CD    1973
C01 297 091 ,     ,
C01 298 010 ATI   the
C01 298 020 NN    year
C01 298 030 IN    in
C01 298 040 WDT   which
C01 298 050 PP3   it
C01 298 060 BEDZ  was
C01 298 070 VBN   launched
C01 298 080 IN    with
C01 298 090 ABL   such
C01 298 100 NN    fanfare
C01 298 101 ,     ,
C01 298 110 ATI   the
C01 298 120 JJ    estimated
C01 299 010 NN    share
C01 299 020 IN    of
C01 299 030 NP    United
C01 299 040 NP    States
C01 299 050 NN    energy
C01 299 060 NN    consumption
C01 299 070 VBN   supplied
C01 299 080 IN    by
C01 299 090 JJ    domestic
C01 300 010 NNS   sources
C01 300 020 BEDZ  was
C01 300 030 CD    85
C01 300 040 NNU   per                                   IN
C01 300 050 NNU"  cent                                  NN
C01 300 051 .     .
C01 300 052 ----- -------------------------------------------
C01 300 060 IN    in
C01 300 070 CD    1980
C01 300 071 ,     ,
C01 300 080 WRB   when
C01 300 090 ATI   the
C01 300 100 NNS   authors
C01 300 110 IN    of
C01 300 111 *'    '
C01 300 120 NP    Project
C01 301 010 NP    Independence
C01 301 011 **'   '
C01 301 020 HVD   had
C01 301 030 VBN   envisaged
C01 301 040 CS    that
C01 301 050 PP3   it
C01 301 060 MD    would
C01 301 070 BE    be
C01 301 080 VBG   approaching
C01 301 090 CD    100
C01 302 010 NNU   per                                   IN
C01 302 020 NNU"  cent                                  NN
C01 302 021 ,     ,
C01 302 030 PP3   it
C01 302 040 BEDZ  was
C01 302 050 IN    in
C01 302 060 NN    fact
C01 302 070 CD    86
C01 302 080 NNU   per                                   IN
C01 302 090 NNU"  cent                                  NN
C01 302 091 .     .
C01 302 092 ----- -------------------------------------------
C01 302 100 IN    as                                    IN
C01 302 110 IN"   for                                   IN
C01 302 120 ATI   the
C01 302 130 CD    1980
C01 302 140 NP    US
C01 303 010 JJ    synthetic
C01 303 020 NN    fuel
C01 303 030 NN    target
C01 303 031 ,     ,
C01 303 040 IN    of
C01 303 050 CD    500,000
C01 303 060 NNS   barrels
C01 303 070 IN    of
C01 303 080 NN    oil
C01 303 090 NN    equivalent
C01 303 100 IN    per
C01 304 010 NN    day
C01 304 020 IN    by
C01 304 030 CD    1987
C01 304 031 ,     ,
C01 304 040 ATI   the
C01 304 050 JJ    likely
C01 304 060 NN    outcome
C01 304 070 IN    in
C01 304 080 DT    that
C01 304 090 NN    year
C01 304 100 BEZ   is
C01 304 110 PN    something
C01 304 120 QL    very
C01 305 010 RB    much
C01 305 020 JJR   lower
C01 305 021 ,     ,
C01 305 030 RB    possibly
C01 305 040 CD    10
C01 305 050 CC    or
C01 305 060 CD    15
C01 305 070 CD    thousand
C01 305 080 NNS   barrels
C01 305 090 IN    per
C01 305 100 NN    day
C01 305 101 ;     ;
C01 305 110 CC    and
C01 305 120 DT    this
C01 306 010 BEZ   is
C01 306 020 JJ    fortunate
C01 306 021 ,     ,
C01 306 030 CS    because
C01 306 040 CS    if
C01 306 050 ATI   the
C01 306 060 NN    target
C01 306 070 HVD   had
C01 306 080 BEN   been
C01 306 090 VBN   reached
C01 306 091 ,     ,
C01 306 100 ATI   the
C01 306 110 NNS   costs
C01 307 010 VBN   involved
C01 307 020 MD    would
C01 307 030 HV    have
C01 307 040 BEN   been
C01 307 050 RB    inordinately
C01 307 060 JJ    high
C01 307 061 .     .
C01 307 062 ----- -------------------------------------------
C01 307 070 ATI   the
C01 307 080 JNP   Canadian
C01 308 010 JNP   National
C01 308 020 NNP   Energy
C01 308 030 NNP   Programme
C01 308 040 IN    of
C01 308 050 CD    1980
C01 308 060 RB    no
C01 308 070 RBR   longer
C01 308 080 VBZ   exists
C01 308 090 IN    as
C01 308 100 ABL   such
C01 308 101 ;     ;
C01 309 010 ATI   the
C01 309 020 NN    aim
C01 309 030 IN    of
C01 309 040 VBG   isolating
C01 309 050 NP    Canada
C01 309 060 IN    from
C01 309 070 NN    world
C01 309 080 NN    energy
C01 309 090 NNS   markets
C01 309 100 HVZ   has
C01 309 110 BEN   been
C01 310 010 VBN   abandoned
C01 310 011 .     .
C01 312 001 ----- -------------------------------------------
C01 312 010 PP3   it                        >
C01 312 011 BEZ   's                        <
C01 312 020 JJ    true
C01 312 030 CS    that
C01 312 040 ABL   such
C01 312 050 NNS   failures
C01 312 060 CC    and
C01 312 070 NNS   reversals
C01 312 080 IN    of
C01 312 090 NN    policy
C01 312 100 BER   are
C01 313 010 RB    partly
C01 313 020 JJ    due
C01 313 030 IN    to
C01 313 040 ATI   the
C01 313 050 NN    fact
C01 313 060 CS    that
C01 313 070 NNS   governments
C01 313 071 ,     ,
C01 313 080 IN    like
C01 313 090 NNS   individuals
C01 313 091 ,     ,
C01 314 010 MD    can
C01 314 020 RB    easily
C01 314 030 VB    misjudge
C01 314 040 ATI   the
C01 314 050 JJ    future
C01 314 060 NN    course
C01 314 070 IN    of
C01 314 080 NNS   events
C01 314 081 .     .
C01 314 082 ----- -------------------------------------------
C01 314 090 CC    but
C01 314 100 RB    even
C01 315 010 CS    if
C01 315 020 JJ    economic
C01 315 030 NN    change
C01 315 040 BED   were
C01 315 050 QL    more
C01 315 060 JJ    predictable
C01 315 061 ,     ,
C01 315 070 EX    there
C01 315 080 MD    would
C01 315 090 VB    remain
C01 316 010 JJ    basic
C01 316 020 NNS   objections
C01 316 030 IN    from
C01 316 040 ATI   the
C01 316 050 JJ    orthodox
C01 316 060 NN    point
C01 316 070 IN    of
C01 316 080 NN    view
C01 316 090 IN    to
C01 316 100 ATI   the
C01 316 110 NNS   kinds
C01 317 010 IN    of
C01 317 020 JJ    autarchic
C01 317 030 NNS   policies
C01 317 040 WP    which
C01 317 050 BER   are
C01 317 060 VBN   associated
C01 317 070 IN    with
C01 317 080 NN    essentialism
C01 318 010 CC    and
C01 318 020 ATI   the
C01 318 030 NN    fortress
C01 318 040 NN    mentality
C01 318 041 .     .
C01 320 001 ----- -------------------------------------------
C01 320 010 RB    in
C01 320 020 RB"   particular
C01 320 021 ,     ,
C01 320 030 PP3   it                        >
C01 320 031 BEZ   's                        <
C01 320 040 JJ    wrong
C01 320 050 TO    to
C01 320 060 VB    think
C01 320 070 IN    of
C01 320 080 NN    security
C01 320 090 IN    of
C01 320 100 NN    supply
C01 320 110 IN    in
C01 321 010 NN    essentialist
C01 321 020 NNS   terms
C01 321 021 .     .
C01 321 022 ----- -------------------------------------------
C01 321 030 NN    security
C01 321 040 IN    of
C01 321 050 NN    supply
C01 321 060 BEZ   is
C01 321 070 XNOT  not
C01 321 080 AT    a
C01 321 090 JJ    separate
C01 322 010 NN    dimension
C01 322 020 IN    of
C01 322 030 NN    choice
C01 322 031 :     :
C01 322 040 PP3   it                        >
C01 322 041 BEZ   's                        <
C01 322 050 CD1   one
C01 322 060 IN    of
C01 322 070 ATI   the
C01 322 080 JJ    economic
C01 322 090 NNS   aspects
C01 322 091 .     .
C01 322 092 ----- -------------------------------------------
C01 322 100 IN    like
C01 323 010 AP    other
C01 323 020 NNS   features
C01 323 030 IN    of
C01 323 040 ATI   the
C01 323 050 NN    quality
C01 323 060 IN    of
C01 323 070 AT    a
C01 323 080 NN    purchase
C01 323 081 ,     ,
C01 323 090 IN    such                                  RB
C01 323 100 IN"   as                                    IN
C01 323 110 NN    reliability
C01 324 010 IN    in
C01 324 020 NN    service
C01 324 021 ,     ,
C01 324 030 PP3   it
C01 324 040 HVZ   has
C01 324 050 AT    a
C01 324 060 NN    value
C01 324 061 ;     ;
C01 324 070 CC    and
C01 324 080 ATI   the
C01 324 090 JJT   best
C01 324 100 NN    indication
C01 324 110 IN    of
C01 324 120 DT    this
C01 325 010 NN    value
C01 325 020 BEZ   is
C01 325 030 NN    willingness
C01 325 040 TO    to
C01 325 050 VB    pay
C01 325 060 IN    at
C01 325 070 ATI   the
C01 325 080 NN    margin
C01 325 081 .     .
C01 325 082 ----- -------------------------------------------
C01 325 090 DT    this
C01 325 100 MD    can
C01 325 110 RB    easily
C01 326 010 BE    be
C01 326 020 VBN   seen
C01 326 030 IN    in
C01 326 040 DTS   those
C01 326 050 NNS   markets
C01 326 060 WRB   where
C01 326 070 NNS   buyers
C01 326 080 BER   are
C01 326 090 VBN   offered
C01 326 100 AT    a
C01 326 110 JJ    free
C01 327 010 NN    choice
C01 327 020 IN    between
C01 327 030 JJ    interruptible
C01 327 040 CC    and
C01 327 050 JJ    non-interruptible
C01 327 060 NN    supply
C01 328 010 NNS   contracts
C01 328 011 ;     ;
C01 328 020 CC    and
C01 328 021 ,     ,
C01 328 030 QL    more
C01 328 040 RB    generally
C01 328 041 ,     ,
C01 328 050 NNS   considerations
C01 328 060 IN    of
C01 328 070 NN    security
C01 329 010 DO    do
C01 329 020 VB    affect
C01 329 030 NNS   decisions
C01 329 040 IN    about
C01 329 050 WRB   how
C01 329 060 RB    far
C01 329 070 RB    ahead
C01 329 080 TO    to
C01 329 090 VB    make
C01 329 100 NNS   commitments
C01 329 101 ,     ,
C01 330 010 CC    and
C01 330 020 WDT   what
C01 330 030 NN    sort
C01 330 040 IN    of
C01 330 050 NNS   contracts
C01 330 060 TO    to
C01 330 070 VB    sign
C01 330 071 .     .
C01 330 072 ----- -------------------------------------------
C01 330 080 RB    just
C01 330 090 CS    as
C01 330 100 EX    there
C01 330 110 BER   are
C01 330 120 ATI   no
C01 331 010 RB    precisely
C01 331 020 VBN   defined
C01 331 021 *'    '
C01 331 030 JJ    national
C01 331 040 NNS   needs
C01 331 051 **'   '
C01 331 050 WP    that
C01 331 060 HV    have
C01 331 070 TO    to
C01 331 080 BE    be
C01 331 090 VBN   met
C01 332 010 RB    regardless
C01 332 020 IN    of
C01 332 030 NN    cost
C01 332 031 ,     ,
C01 332 040 RB    so
C01 332 050 EX    there
C01 332 060 BER   are
C01 332 070 ATI   no
C01 332 080 JJ    overriding
C01 332 090 NNS   requirements
C01 333 010 IN    for
C01 333 020 JJ    uninterrupted
C01 333 030 NN    supply
C01 333 040 WP    which
C01 333 050 MD    can
C01 333 060 BE    be
C01 333 070 VBN   identified
C01 333 080 IN    in
C01 333 090 JJ    central
C01 334 010 NNS   bureaucracies
C01 334 020 CC    and
C01 334 030 VBN   used
C01 334 040 IN    as
C01 334 050 AT    a
C01 334 060 NN    basis
C01 334 070 IN    for
C01 334 080 NNS   policies
C01 334 081 .     .
C01 336 001 ----- -------------------------------------------
C01 336 010 TO    to
C01 336 020 VB    see
C01 336 030 WRB   where
C01 336 040 DT    this
C01 336 050 NN    argument
C01 336 060 VBZ   leads
C01 336 061 ,     ,
C01 336 070 VB    let                       >
C01 336 071 PP1OS 's                        <
C01 336 080 VB    consider
C01 336 090 NN    export
C01 337 010 NNS   prohibitions
C01 337 011 .     .
C01 337 012 ----- -------------------------------------------
C01 337 020 IN    according                             VBG
C01 337 030 IN"   to                                    IN
C01 337 040 NN    do-it-yourself
C01 337 050 NN    economics
C01 337 051 ,     ,
C01 337 060 DTS   these
C01 338 010 BER   are
C01 338 020 VBN   called
C01 338 030 RP    for
C01 338 040 IN    in
C01 338 050 ATI   the
C01 338 060 NN    case
C01 338 070 IN    of
C01 338 080 NNS   products
C01 338 090 WP    that
C01 338 100 BER   are
C01 338 110 ABX   both
C01 339 010 JJ    essential
C01 339 020 CC    and
C01 339 030 JJ    scarce
C01 339 031 .     .
C01 339 032 ----- -------------------------------------------
C01 339 040 JNP   British
C01 339 050 NNS   policies
C01 339 060 IN    toward
C01 339 070 NP    North
C01 339 080 NPL   Sea
C01 340 010 NN    oil
C01 340 020 CC    and
C01 340 030 NN    gas
C01 340 040 VB    provide
C01 340 050 AT    an
C01 340 060 NN    illustration
C01 340 061 .     .
C01 340 062 ----- -------------------------------------------
C01 340 070 NNS   governments
C01 340 080 HV    have
C01 341 010 RB    consistently
C01 341 020 VBN   ruled
C01 341 030 RP    out
C01 341 040 NNS   exports
C01 341 050 IN    of
C01 341 060 NN    gas
C01 341 061 ,     ,
C01 341 070 IN    on
C01 341 080 ATI   the
C01 341 090 NNS   grounds
C01 341 100 CS    that
C01 342 010 JJ    estimated
C01 342 020 NNS   reserves
C01 342 030 BER   are
C01 342 040 QL    too
C01 342 050 JJ    limited
C01 342 051 :     :
C01 342 060 IN    in
C01 342 070 DT    this
C01 342 080 NN    case
C01 342 081 ,     ,
C01 342 090 NN    scarcity                  >
C01 342 091 BEZ   's                        <
C01 343 010 VBN   viewed
C01 343 020 IN    as
C01 343 030 JJ    chronic
C01 343 031 .     .
C01 343 032 ----- -------------------------------------------
C01 343 040 IN    by
C01 343 050 NN    contrast
C01 343 051 ,     ,
C01 343 060 NNS   exports
C01 343 070 IN    of
C01 343 080 JJ    crude
C01 343 090 NN    oil
C01 343 100 BER   are
C01 344 010 RB    generally
C01 344 020 JJ    unrestricted
C01 344 021 ,     ,
C01 344 030 CS    though
C01 344 040 JJ    subject
C01 344 050 IN    to
C01 344 060 NN    licence
C01 344 061 ;     ;
C01 344 070 PP3   it                        >
C01 344 071 BEZ   's                        <
C01 345 010 JJ    clear
C01 345 011 ,     ,
C01 345 020 RB    however
C01 345 021 ,     ,
C01 345 030 CS    that
C01 345 040 NN    freedom
C01 345 050 TO    to
C01 345 060 VB    export
C01 345 070 BEZ   is
C01 345 080 JJ    liable
C01 345 090 TO    to
C01 345 100 BE    be
C01 346 010 VBN   curtailed
C01 346 020 IN    in
C01 346 030 NNS   periods
C01 346 040 IN    of
C01 346 050 NN    shortage
C01 346 051 .     .
C01 346 052 ----- -------------------------------------------
C01 346 060 RB    just
C01 346 070 IN    before
C01 346 080 ATI   the
C01 346 090 JJ    general
C01 347 010 NN    election
C01 347 020 IN    of
C01 347 030 CD    1979
C01 347 040 ATI   the
C01 347 050 JJ    then
C01 347 060 NPT   Secretary
C01 347 070 IN    of
C01 347 080 NNP   State
C01 347 090 IN    for
C01 347 100 NNP   Energy
C01 347 101 ,     ,
C01 348 010 NP    Tony
C01 348 020 NP    Benn
C01 348 021 ,     ,
C01 348 030 BEDZ  was
C01 348 040 VBN   reported
C01 348 050 CS    as
C01 348 060 HVG   having
C01 348 070 VBN   reacted
C01 348 080 IN    to
C01 348 090 NN    news
C01 348 100 CS    that
C01 348 110 AT    an
C01 348 120 NN    oil
C01 349 010 NN    company
C01 349 020 VBG   operating
C01 349 030 IN    in
C01 349 040 ATI   the
C01 349 050 NP    North
C01 349 060 NPL   Sea
C01 349 061 *'    '
C01 349 070 HVD   had
C01 349 080 RB    seriously
C01 349 090 VBN   considered
C01 350 010 VBG   cutting
C01 350 020 RP    back
C01 350 030 IN    on
C01 350 040 NNS   supplies
C01 350 050 IN    in
C01 350 060 NP    Britain
C01 350 070 CC    and
C01 350 080 VBG   selling
C01 350 090 ATI   the
C01 350 100 NN    surplus
C01 351 010 IN    at
C01 351 020 JJR   higher
C01 351 030 NNS   prices
C01 351 040 IN    in
C01 351 050 NP    Europe
C01 351 051 **'   '
C01 351 052 .     .
C01 351 053 ----- -------------------------------------------
C01 351 060 PP$   his
C01 351 070 NN    reaction
C01 351 080 BEDZ  was
C01 351 081 :     :
C01 351 082 *'    '
C01 351 090 TO    to
C01 351 100 VB    ask
C01 352 010 ATI   the
C01 352 020 NNS   chairmen
C01 352 030 IN    of
C01 352 040 ABN   all
C01 352 050 ATI   the
C01 352 060 JJ    major
C01 352 070 NN    oil
C01 352 080 NNS   companies
C01 352 090 VBG   operating
C01 352 100 RN    here
C01 353 010 TO    to
C01 353 020 VB    give
C01 353 030 PP3O  him
C01 353 040 PP$   their
C01 353 050 JJ    personal
C01 353 060 NNS   assurances
C01 353 070 CS    that
C01 353 080 PP3AS they
C01 353 090 BED   were
C01 353 100 XNOT  not
C01 354 010 VBG   taking
C01 354 020 NN    advantage
C01 354 030 IN    of
C01 354 040 ATI   the
C01 354 050 JJ    general
C01 354 060 NN    oil
C01 354 070 NN    shortage
C01 354 080 IN    in
C01 354 090 DT    this
C01 354 100 NN    way
C01 354 101 **'   '
C01 354 102 .     .
C01 356 001 ----- -------------------------------------------
C01 356 010 RB    shortly
C01 356 020 RB    afterwards
C01 356 021 ,     ,
C01 356 030 PP3   it
C01 356 040 BEDZ  was
C01 356 050 VBN   reported
C01 356 060 IN    of
C01 356 070 NPT   Mr
C01 356 080 NP$   Benn's
C01 356 090 JNP   Conservative
C01 357 010 NN    successor
C01 357 011 ,     ,
C01 357 020 NP    David
C01 357 030 NP    Howell
C01 357 031 ,     ,
C01 357 040 CS    that
C01 357 050 PP3A  he                        >
C01 357 051 HVD   'd                        <
C01 357 052 *'    '
C01 357 060 VBN   started
C01 357 070 AT    a
C01 357 080 JJ    discreet
C01 357 090 CC    but
C01 358 010 JJ    forceful
C01 358 020 NN    squeeze
C01 358 030 IN    on
C01 358 040 NP    North
C01 358 050 NPL   Sea
C01 358 060 NN    oil
C01 358 070 NNS   companies
C01 358 080 TO    to
C01 358 090 VB    keep
C01 358 100 AP    more
C01 359 010 IN    of
C01 359 020 PP$   their
C01 359 030 NN    production
C01 359 040 IN    at
C01 359 050 NR    home
C01 359 051 **'   '
C01 359 052 .     .
C01 359 053 ----- -------------------------------------------
C01 359 060 ATI   the
C01 359 070 NN    squeeze
C01 359 080 HVD   had
C01 359 090 TO    to
C01 359 100 BE    be
C01 359 110 JJ    discreet
C01 359 111 ,     ,
C01 360 010 CS    since
C01 360 020 JJ    formal
C01 360 030 NNS   restrictions
C01 360 040 MD    might
C01 360 050 RB    well
C01 360 060 HV    have
C01 360 070 BEN   been
C01 360 080 JJ    hard
C01 360 090 TO    to
C01 361 010 VB    reconcile
C01 361 020 IN    with
C01 361 030 NNS   obligations
C01 361 040 WP    which
C01 361 050 NP    Britain
C01 361 060 HVZ   has
C01 361 070 VBN   assumed
C01 361 080 IN    as
C01 361 090 AT    a
C01 362 010 NN    member
C01 362 020 ABX   both
C01 362 030 IN    of
C01 362 040 ATI   the
C01 362 050 JNP   European
C01 362 060 NNP   Community
C01 362 070 CC    and
C01 362 080 IN    of
C01 362 090 ATI   the
C01 362 100 JNP   International
C01 363 010 NNP   Energy
C01 363 020 NNP   Agency
C01 363 021 .     .
C01 363 022 ----- -------------------------------------------
C01 363 030 CC    but
C01 363 040 PP3   it
C01 363 050 MD    could
C01 363 060 RB    nevertheless
C01 363 070 BE    be
C01 363 080 JJ    forceful
C01 363 081 ,     ,
C01 363 090 CS    since
C01 364 010 AT    an
C01 364 020 NN    oil
C01 364 030 NN    company
C01 364 040 WP    that
C01 364 050 VBD   failed
C01 364 060 TO    to
C01 364 070 VB    respond
C01 364 080 MD    might
C01 364 090 VB    prejudice
C01 365 010 PP$   its
C01 365 020 NNS   chances
C01 365 030 IN    of
C01 365 040 NN    success
C01 365 050 IN    in
C01 365 060 ATI   the
C01 365 070 AP    next
C01 365 080 NN    round
C01 365 090 IN    of
C01 365 100 NNS   applications
C01 366 010 IN    for
C01 366 020 NP    North
C01 366 030 NPL   Sea
C01 366 040 NNS   licences
C01 366 041 .     .
C01 366 042 ----- -------------------------------------------
C01 366 050 ATI   the
C01 366 060 NN    situation
C01 366 070 HVZ   has                       >
C01 366 071 XNOT  n't                       <
C01 366 080 VBN   changed
C01 366 090 IN    since
C01 367 010 DTS   those
C01 367 020 JJ    early
C01 367 030 NNS   days
C01 367 040 IN    of
C01 367 050 NPT   Mrs
C01 367 060 NP$   Thatcher's
C01 367 070 JJB   prime
C01 367 080 NN    ministership
C01 367 081 .     .
C01 367 082 ----- -------------------------------------------
C01 367 090 CS    if
C01 368 010 DT    another
C01 368 020 NN    oil
C01 368 030 NN    crisis
C01 368 040 VBD   arose
C01 368 041 ,     ,
C01 368 050 NNS   ways
C01 368 060 MD    would
C01 368 070 RB    probably
C01 368 080 BE    be
C01 368 090 VBN   found
C01 368 091 ,     ,
C01 369 010 WDT   whatever
C01 369 020 NN    government
C01 369 030 BEDZ  was
C01 369 040 IN    in
C01 369 050 NN    power
C01 369 051 ,     ,
C01 369 060 TO    to
C01 369 070 VB    safeguard
C01 369 080 ATI   the
C01 369 090 NN    principle
C01 370 010 VBN   laid
C01 370 020 RP    down
C01 370 030 IN    by
C01 370 040 NPT   Mr
C01 370 050 NP    Howell
C01 370 060 IN    in
C01 370 070 AT    a
C01 370 080 NN    speech
C01 370 090 IN    of
C01 370 100 NR    June
C01 370 110 CD    1979
C01 370 111 ,     ,
C01 370 120 CS    that
C01 370 121 *'    '
C01 370 130 ATI   the
C01 371 010 NNS   interests
C01 371 020 IN    of
C01 371 030 JNP   British
C01 371 040 NNS   consumers
C01 371 050 MD    must
C01 371 060 VB    come
C01 371 070 RB    first
C01 371 071 **'   '
C01 371 072 .     .
C01 373 001 ----- -------------------------------------------
C01 373 010 IN    in
C01 373 020 NNS   cases
C01 373 030 IN    like
C01 373 040 NN    oil
C01 373 050 CC    and
C01 373 060 NN    gas
C01 373 070 PP3   it                        >
C01 373 071 BEZ   's                        <
C01 373 080 VBN   considered
C01 373 090 JJ    irrelevant
C01 373 100 CS    that
C01 374 010 NNS   exports
C01 374 020 MD    might
C01 374 030 VB    command
C01 374 040 AT    a
C01 374 050 JJR   higher
C01 374 060 NN    price
C01 374 070 IN    than
C01 374 080 JJ    domestic
C01 374 090 NNS   sales
C01 374 091 :     :
C01 375 010 NNS   prohibitions
C01 375 020 MD    should
C01 375 030 RB    still
C01 375 040 VB    apply
C01 375 041 .     .
C01 375 042 ----- -------------------------------------------
C01 375 050 RB    indeed
C01 375 051 ,     ,
C01 375 060 NP    Hamish
C01 375 070 NP    Gray
C01 375 071 ,     ,
C01 375 080 WP    who
C01 376 010 IN    at
C01 376 020 ATI   the
C01 376 030 NN    time
C01 376 040 BEDZ  was
C01 376 050 JNP   Conservative
C01 376 060 NNP   Minister
C01 376 070 IN    of
C01 376 080 NNP   State
C01 376 090 IN    at
C01 376 100 ATI   the
C01 377 010 NNP   Department
C01 377 020 IN    of
C01 377 030 NNP   Energy
C01 377 031 ,     ,
C01 377 040 BEDZ  was
C01 377 050 VBN   reported
C01 377 060 AT    a
C01 377 070 AP    few
C01 377 080 NNS   years
C01 377 090 RB    ago
C01 377 100 CS    as
C01 377 110 HVG   having
C01 378 010 VBN   committed
C01 378 020 PPL   himself
C01 378 021 ,     ,
C01 378 030 CS    while
C01 378 040 VBG   speaking
C01 378 050 IN    of
C01 378 060 AT    a
C01 378 070 JJ    particular
C01 378 080 NP    North
C01 378 090 NPL   Sea
C01 379 010 NN    gasfield
C01 379 011 ,     ,
C01 379 020 IN    to
C01 379 030 ATI   the
C01 379 040 JJ    remarkable
C01 379 050 NN    statement
C01 379 060 CS    that
C01 379 061 *'    '
C01 379 070 NP    Britain
C01 379 080 MD    would                     >
C01 379 081 XNOT  n't                       <
C01 380 010 VB    consider
C01 380 020 VBG   selling
C01 380 030 PP$   its
C01 380 040 NN    share
C01 380 050 IN    of
C01 380 060 ATI   the
C01 380 070 NP    Statfjord
C01 380 080 NN    gas
C01 380 090 WDT   whatever
C01 381 010 NN    price
C01 381 020 AT    a
C01 381 030 JJ    foreign
C01 381 040 NN    buyer
C01 381 050 MD    might
C01 381 060 VB    offer
C01 381 061 **'   '
C01 381 062 .     .
C01 383 001 ----- -------------------------------------------
C01 383 010 DT    this
C01 383 020 NN    conception
C01 383 030 IN    of
C01 383 040 JJ    national
C01 383 050 NN    interest
C01 383 060 BEZ   is
C01 383 070 XNOT  not
C01 383 080 VBN   shared
C01 383 090 IN    by
C01 384 010 NPT   Mr
C01 384 020 NP    MacQuedy
C01 384 021 .     .
C01 384 022 ----- -------------------------------------------
C01 384 030 IN    for
C01 384 040 PP3O  him
C01 384 041 ,     ,
C01 384 050 ATI   the
C01 384 060 NN    test
C01 384 070 IN    of
C01 384 080 NN    willingness
C01 384 090 TO    to
C01 384 100 VB    pay
C01 384 110 IN    at
C01 384 120 ATI   the
C01 385 010 NN    margin
C01 385 020 DOZ   does                      >
C01 385 021 XNOT  n't                       <
C01 385 030 VB    cease
C01 385 040 TO    to
C01 385 050 VB    hold
C01 385 060 RB    good
C01 385 070 RB    just
C01 385 080 CS    because
C01 385 090 JJ    national
C01 386 010 NNS   frontiers
C01 386 020 BER   are
C01 386 030 VBN   involved
C01 386 031 .     .
C01 386 032 ----- -------------------------------------------
C01 386 040 WRB   how
C01 386 050 AP    much
C01 386 060 JJ    particular
C01 386 070 NNS   exports
C01 386 080 BER   are
C01 387 010 JJ    worth
C01 387 020 IN    to
C01 387 030 ATI   the
C01 387 040 NN    economy
C01 387 050 VBZ   depends
C01 387 060 IN    on
C01 387 070 ATI   the
C01 387 080 NN    value
C01 387 090 IN    of
C01 387 100 ATI   the
C01 387 110 NNS   imports
C01 388 010 IN    for
C01 388 020 WDT   which
C01 388 030 PP3AS they
C01 388 040 MD    can
C01 388 050 BE    be
C01 388 060 VBN   exchanged
C01 388 061 ,     ,
C01 388 070 WDT   which
C01 388 080 IN    in
C01 388 090 NN    turn
C01 388 100 VBZ   depends
C01 388 110 IN    on
C01 388 120 WRB   how
C01 389 010 AP    much
C01 389 020 NNS   foreigners
C01 389 030 BER   are
C01 389 040 VBN   prepared
C01 389 050 TO    to
C01 389 060 VB    pay
C01 389 070 IN    for
C01 389 080 PP3OS them
C01 389 081 .     .
C01 389 082 ----- -------------------------------------------
C01 389 090 WRB   why
C01 389 100 MD    should
C01 390 010 JJ    domestic
C01 390 020 NNS   consumers
C01 390 030 IN    of
C01 390 040 ATI   the
C01 390 050 NN    product
C01 390 060 JJ    concerned
C01 390 070 BE    be
C01 390 080 VBN   given
C01 390 090 JJ    unlimited
C01 391 010 NN    preference
C01 391 011 ,     ,
C01 391 020 CC    or
C01 391 030 RB    indeed
C01 391 040 DTI   any
C01 391 050 NN    preference
C01 391 060 IN    at
C01 391 070 ABN   all
C01 391 071 ?     ?
C01 391 072 ----- -------------------------------------------
C01 391 080 JJ    successive
C01 392 010 JNP   British
C01 392 020 NNS   governments
C01 392 030 HV    have
C01 392 040 VBN   rejected
C01 392 050 DTI   any
C01 392 060 NN    suggestion
C01 392 070 CS    that
C01 392 080 IN    in
C01 393 010 JJ    normal
C01 393 020 NNS   circumstances
C01 393 030 JJ    domestic
C01 393 040 NNS   consumers
C01 393 050 MD    should
C01 393 060 VB    pay
C01 393 070 AP    less
C01 394 010 IN    than
C01 394 020 ATI   the
C01 394 030 NN    world
C01 394 040 NN    price
C01 394 050 IN    for
C01 394 060 NP    North
C01 394 070 NPL   Sea
C01 394 080 NN    oil
C01 394 081 .     .
C01 394 082 ----- -------------------------------------------
C01 394 090 CC    and
C01 394 100 ATI   the
C01 394 110 NN    existence
C01 394 120 IN    of
C01 395 010 AT    a
C01 395 020 NN    shortage
C01 395 030 DOZ   does                      >
C01 395 031 XNOT  n't                       <
C01 395 040 VB    affect
C01 395 050 ATI   the
C01 395 060 NN    logic
C01 395 070 WP    that
C01 395 080 VBZ   underlies
C01 395 090 DT    this
C01 396 010 JJ    non-discriminatory
C01 396 020 NN    policy
C01 396 021 .     .
C01 396 022 ----- -------------------------------------------
C01 396 030 VB    suppose
C01 396 031 ,     ,
C01 396 040 IN    for
C01 396 050 NN    example
C01 396 051 ,     ,
C01 396 060 CS    that
C01 396 070 NN    oil
C01 397 010 MD    will
C01 397 020 VB    fetch
C01 397 030 NNU   $100
C01 397 040 AT    a
C01 397 050 NN    barrel
C01 397 060 IN    on
C01 397 070 ATI   the
C01 397 080 JJ    international
C01 397 090 NN    market
C01 397 091 .     .
C01 397 092 ----- -------------------------------------------
C01 397 100 RN    then
C01 398 010 ATI   the
C01 398 020 NN    value
C01 398 030 IN    to
C01 398 040 ATI   the
C01 398 050 NN    economy
C01 398 060 IN    of
C01 398 070 AT    a
C01 398 080 NN    barrel
C01 398 090 IN    of
C01 398 100 NN    oil
C01 398 110 VBN   sold
C01 398 120 IN    on
C01 398 130 DT    that
C01 399 010 NN    market
C01 399 020 BEZ   is
C01 399 030 NNU   $100
C01 399 031 ,     ,
C01 399 040 CS    since
C01 399 050 DT    this
C01 399 060 BEZ   is
C01 399 070 WDT   what
C01 399 080 JJ    domestic
C01 399 090 NNS   consumers
C01 399 100 IN    in
C01 400 010 NN    general
C01 400 020 MD    would
C01 400 030 BE    be
C01 400 040 JJ    willing
C01 400 050 TO    to
C01 400 060 VB    pay
C01 400 070 IN    for
C01 400 080 ATI   the
C01 400 090 NNS   imports
C01 400 100 WP    that
C01 400 110 PP3   it
C01 401 010 VBZ   makes
C01 401 020 JJ    possible
C01 401 021 .     .
C01 401 022 ----- -------------------------------------------
C01 401 030 CS    if
C01 401 040 DT    this
C01 401 050 NN    amount
C01 401 060 BEZ   is
C01 401 070 AP    more
C01 401 080 CS    than
C01 401 090 PN    anyone
C01 401 100 IN    at
C01 401 110 NR    home
C01 402 010 BEZ   is
C01 402 020 JJ    willing
C01 402 030 TO    to
C01 402 040 VB    pay
C01 402 050 IN    for
C01 402 060 ATI   the
C01 402 070 NN    oil
C01 402 071 ,     ,
C01 402 080 RN    then
C01 402 090 &FW   prima
C01 402 100 &FW   facie
C01 402 110 ATI   the
C01 402 120 NN    balance
C01 403 010 IN    of
C01 403 020 NN    advantage
C01 403 030 VBZ   lies
C01 403 040 IN    in
C01 403 050 VBG   exporting
C01 403 060 PP3   it
C01 403 061 .     .
C01 403 062 ----- -------------------------------------------
C01 403 070 IN    in
C01 403 080 JJ    general
C01 403 081 ,     ,
C01 403 090 NN    export
C01 404 010 NNS   prohibitions
C01 404 020 RB    only
C01 404 030 VB    serve
C01 404 040 TO    to
C01 404 050 VB    ensure
C01 404 060 CS    that
C01 404 070 NN    oil
C01 404 071 ,     ,
C01 404 080 NN    gas
C01 404 081 ,     ,
C01 404 090 NN    scrap
C01 405 010 NN    metal
C01 405 011 ,     ,
C01 405 020 NN    soya
C01 405 030 NNS   beans
C01 405 031 ,     ,
C01 405 040 CC    or
C01 405 050 WDT   whatever
C01 405 060 ATI   the
C01 405 070 NN    commodity
C01 405 080 MD    may
C01 405 090 BE    be
C01 405 091 ,     ,
C01 405 100 BEZ   is
C01 406 010 VBN   put
C01 406 020 IN    to
C01 406 030 JJB   lower-value
C01 406 040 RB    rather
C01 406 050 IN    than
C01 406 060 JJB   higher-value
C01 406 070 NN    use
C01 406 071 .     .
C01 406 072 ----- -------------------------------------------
C01 406 080 NN    freedom
C01 407 010 IN    to
C01 407 020 NN    export
C01 407 030 MD    should
C01 407 040 BE    be
C01 407 050 ATI   the
C01 407 060 NN    rule
C01 407 061 .     .
C01 409 001 ----- -------------------------------------------
C01 409 010 DT    this
C01 409 020 NN    argument
C01 409 030 RB    still
C01 409 040 VBZ   applies
C01 409 041 ,     ,
C01 409 050 RB    moreover
C01 409 051 ,     ,
C01 409 060 IN    to
C01 409 070 ATI   the
C01 409 080 NN    case
C01 409 090 WRB   where
C01 410 010 EX    there
C01 410 020 BER   are
C01 410 030 JJ    limited
C01 410 040 JJ    domestic
C01 410 050 NNS   reserves
C01 410 060 IN    of
C01 410 070 DTI   some
C01 410 080 JJ    non-renewable
C01 411 010 NN    resource
C01 411 011 ,     ,
C01 411 020 CS    as
C01 411 030 IN    with
C01 411 040 NN    gas
C01 411 050 IN    from
C01 411 060 ATI   the
C01 411 070 NP    UK
C01 411 080 JNP   Continental
C01 411 090 NNP   Shelf
C01 411 091 .     .
C01 411 092 ----- -------------------------------------------
C01 411 100 IN    in
C01 412 010 NP    Britain
C01 412 011 ,     ,
C01 412 020 ATI   the
C01 412 030 NN    oil
C01 412 040 NNS   companies
C01 412 050 RB    rightly
C01 412 060 VB    argue
C01 412 070 CS    that
C01 412 080 NN    freedom
C01 412 090 TO    to
C01 413 010 VB    export
C01 413 020 NN    gas
C01 413 030 IN    from
C01 413 040 ATI   the
C01 413 050 NP    North
C01 413 060 NPL   Sea
C01 413 070 MD    would
C01 413 080 VB    increase
C01 413 090 ATI   the
C01 413 100 NN    incentive
C01 414 010 TO    to
C01 414 020 VB    find
C01 414 030 JJ    new
C01 414 040 NNS   deposits
C01 414 050 IN    of
C01 414 060 NN    gas
C01 414 070 RN    there
C01 414 071 .     .
C01 414 072 ----- -------------------------------------------
C01 414 080 DT    this
C01 414 090 BEZ   is                        >
C01 414 091 XNOT  n't                       <
C01 414 092 ,     ,
C01 414 100 RB    however
C01 414 101 ,     ,
C01 415 010 ATI   the
C01 415 020 JJ    fundamental
C01 415 030 NN    point
C01 415 031 ,     ,
C01 415 040 WDT   which
C01 415 050 BEZ   is
C01 415 060 CS    that
C01 415 070 RB    even
C01 415 080 IN    in
C01 415 090 AT    a
C01 415 100 NN    situation
C01 416 010 WRB   where
C01 416 020 NNS   reserves
C01 416 030 BED   were
C01 416 040 VBN   known
C01 416 050 CC    and
C01 416 060 VBN   limited
C01 416 061 ,     ,
C01 416 070 ATI   the
C01 416 080 JJ    orthodox
C01 417 010 NN    argument
C01 417 020 MD    would
C01 417 030 RB    still
C01 417 040 VB    apply
C01 417 041 :     :
C01 417 050 CS    if
C01 417 060 NNS   foreigners
C01 417 070 BER   are
C01 417 080 JJ    willing
C01 417 090 TO    to
C01 418 010 VB    pay
C01 418 020 AP    more
C01 418 030 IN    at
C01 418 040 ATI   the
C01 418 050 NN    margin
C01 418 051 ,     ,
C01 418 060 RN    then
C01 418 070 NNS   exports
C01 418 080 VB    represent
C01 418 090 AT    a
C01 418 100 JJB   higher-value
C01 419 010 NN    use
C01 419 011 .     .
C01 419 012 ----- -------------------------------------------
C01 419 020 ATI   the
C01 419 030 JJ    present
C01 419 040 CC    and
C01 419 050 JJ    long-established                    *
C01 419 060 NNS   restrictions
C01 419 070 IN    on
C01 419 080 ATI   the
C01 420 010 NN    export
C01 420 020 IN    of
C01 420 030 NN    gas
C01 420 040 IN    from
C01 420 050 ATI   the
C01 420 060 NP    United
C01 420 070 NPL   Kingdom
C01 420 080 BER   are
C01 420 090 RB    therefore
C01 420 100 XNOT  not
C01 421 010 JJ    justified
C01 421 011 .     .
C01 423 001 ----- -------------------------------------------
C01 423 010 VBG   arguing
C01 423 020 IN    in
C01 423 030 DT    this
C01 423 040 NN    way
C01 423 050 BEZ   is
C01 423 060 XNOT  not
C01 423 070 JJ    myopic
C01 423 071 :     :
C01 423 080 JJB   longer-term
C01 423 090 JJ    national
C01 424 010 NNS   gains
C01 424 020 MD    would                     >
C01 424 021 XNOT  n't                       <
C01 424 030 BE    be
C01 424 040 VBN   sacrificed
C01 424 050 IN    to
C01 424 060 JJ    immediate
C01 424 070 NN    profit
C01 424 071 .     .
C01 424 072 ----- -------------------------------------------
C01 424 080 PP3   it
C01 424 090 MD    may
C01 425 010 RB    well
C01 425 020 BE    be
C01 425 030 CS    that
C01 425 040 NN    oil
C01 425 050 CC    and
C01 425 060 NN    gas
C01 425 070 MD    will
C01 425 080 BE    be
C01 425 090 QL    so
C01 425 100 RB    much
C01 425 110 QL    more
C01 425 120 JJ    valuable
C01 425 130 IN    in
C01 426 010 ATI   the
C01 426 020 NN    future
C01 426 021 ,     ,
C01 426 030 RB    even
C01 426 040 VBG   allowing
C01 426 050 IN    for
C01 426 060 ATI   the
C01 426 070 NN    interest
C01 426 080 NN    factor
C01 426 090 WP    that
C01 426 100 HVZ   has
C01 427 010 TO    to
C01 427 020 BE    be
C01 427 030 VBN   taken
C01 427 040 IN    into
C01 427 050 NN    account
C01 427 060 IN    in
C01 427 070 ABL   such
C01 427 080 NNS   calculations
C01 427 081 ,     ,
C01 427 090 CS    that
C01 428 010 NNS   governments
C01 428 020 MD    should
C01 428 030 VB    limit
C01 428 040 NN    production
C01 428 050 RN    now
C01 428 051 ,     ,
C01 428 060 CC    and
C01 428 070 RB    possibly
C01 429 010 RB    also
C01 429 020 VB    encourage
C01 429 030 NNS   imports
C01 429 031 ,     ,
C01 429 040 TO    in                                    IN
C01 429 050 TO"   order                                 NN
C01 429 060 TO"   to                                    TO
C01 429 070 VB    conserve
C01 429 080 JJ    domestic
C01 430 010 NNS   resources
C01 430 020 IN    for
C01 430 030 ATI   the
C01 430 040 NN    future
C01 430 041 .     .
C01 430 042 ----- -------------------------------------------
C01 430 050 DT    this
C01 430 060 BEZ   is
C01 430 070 RB    quite
C01 430 080 JJ    consistent
C01 430 090 IN    with
C01 431 010 ATI   the
C01 431 020 JJ    orthodox
C01 431 030 NNS$  economists'
C01 431 040 NN    approach
C01 431 041 ,     ,
C01 431 050 CS    because
C01 431 060 CS    if
C01 431 070 ATI   the
C01 432 010 NN    assumption                >
C01 432 011 BEZ   's                        <
C01 432 020 JJ    correct
C01 432 021 ,     ,
C01 432 030 ATI   the
C01 432 040 NN    effect
C01 432 050 IN    of
C01 432 060 ABL   such
C01 432 070 NN    conservation
C01 433 010 NNS   measures
C01 433 020 MD    would
C01 433 030 BE    be
C01 433 040 TO    to
C01 433 050 VB    substitute
C01 433 060 AT    a
C01 433 070 JJ    future
C01 433 080 JJB   higher-value
C01 433 090 NN    use
C01 434 010 IN    for
C01 434 020 AT    a
C01 434 030 JJ    present
C01 434 040 JJB   lower-value
C01 434 050 CD1   one
C01 434 051 .     .
C01 434 052 ----- -------------------------------------------
C01 434 060 CC    but
C01 434 070 ATI   the
C01 434 080 NN    case
C01 434 090 IN    for
C01 434 100 VBG   giving
C01 435 010 AP    more
C01 435 020 NN    weight
C01 435 030 IN    to
C01 435 040 ATI   the
C01 435 050 NN    future
C01 435 051 ,     ,
C01 435 060 CC    and
C01 435 070 AP    less
C01 435 080 IN    to
C01 435 090 ATI   the
C01 435 100 NN    present
C01 435 101 ,     ,
C01 435 110 DOZ   does                      >
C01 435 111 XNOT  n't                       <
C01 436 010 IN    in
C01 436 020 DTI   any
C01 436 030 NN    way
C01 436 040 VB    make
C01 436 050 AT    a
C01 436 060 NN    case
C01 436 070 IN    for
C01 436 080 VBG   discriminating
C01 436 090 IN    in
C01 436 100 NN    favour
C01 436 110 IN    of
C01 437 010 JJ    domestic
C01 437 020 NNS   consumers
C01 437 030 CS    as
C01 437 040 IN    against
C01 437 050 NNS   foreigners
C01 437 051 .     .
C01 439 001 ----- -------------------------------------------
C01 439 010 VB    let
C01 439 020 PP1O  me
C01 439 030 VB    add
C01 439 040 CS    that
C01 439 041 ,     ,
C01 439 050 IN    as
C01 439 060 IN    in
C01 439 070 AP    other
C01 439 080 NNS   applications
C01 439 090 IN    of
C01 439 100 ATI   the
C01 440 010 JJB   willingness-to-pay
C01 440 020 NN    criterion
C01 440 021 ,     ,
C01 440 030 NN    freedom
C01 440 040 TO    to
C01 440 050 VB    export
C01 440 060 BEZ   is
C01 440 070 AT    a
C01 441 010 JJ    general
C01 441 020 JJ    presumptive
C01 441 030 NN    rule
C01 441 031 ,     ,
C01 441 040 XNOT  not
C01 441 050 AT    a
C01 441 060 JJ    categorical
C01 441 070 NN    imperative
C01 442 010 WP    which
C01 442 020 VBZ   admits
C01 442 030 IN    of
C01 442 040 ATI   no
C01 442 050 NNS   exceptions
C01 442 051 .     .
C01 442 052 ----- -------------------------------------------
C01 442 060 NNS   restrictions
C01 442 070 IN    on
C01 442 080 JJ    particular
C01 443 010 JJ    strategic
C01 443 020 NNS   exports
C01 443 030 MD    may
C01 443 040 RB    well
C01 443 050 BE    be
C01 443 060 VBN   justified
C01 443 070 IN    on
C01 443 080 NNS   grounds
C01 443 090 IN    of
C01 444 010 JJ    national
C01 444 020 NN    defence
C01 444 021 .     .
C01 444 022 ----- -------------------------------------------
C01 444 030 NNS   taxes
C01 444 040 IN    on
C01 444 050 NN    commodity
C01 444 060 NNS   exports
C01 444 061 ,     ,
C01 444 070 WP    which
C01 444 080 HV    have
C01 445 010 ATI   the
C01 445 020 NN    effect
C01 445 030 IN    of
C01 445 040 VBG   reducing
C01 445 050 PP$   their
C01 445 060 NN    flow
C01 445 061 ,     ,
C01 445 070 MD    can
C01 445 080 IN    in
C01 445 090 DTI   some
C01 445 100 NNS   circumstances
C01 446 010 BE    be
C01 446 020 AT    a
C01 446 030 JJ    useful
C01 446 040 NN    instrument
C01 446 050 IN    of
C01 446 060 NN    policy
C01 446 070 IN    in
C01 446 080 JJ    developing
C01 446 090 NNS   countries
C01 446 091 .     .
C01 447 001 ----- -------------------------------------------
C01 447 010 RB    again
C01 447 011 ,     ,
C01 447 020 NNS   restrictions
C01 447 030 IN    on
C01 447 040 NN    food
C01 447 050 NNS   exports
C01 447 060 BER   are
C01 447 070 VBN   justified
C01 447 080 IN    in
C01 448 010 JJ    genuine
C01 448 020 JJ    national
C01 448 030 NNS   emergencies
C01 448 031 ,     ,
C01 448 040 IN    as
C01 448 050 IN    in
C01 448 060 DTI   some
C01 448 070 JNP   African
C01 448 080 NNS   countries
C01 449 010 IN    at
C01 449 020 NN    present
C01 449 021 ,     ,
C01 449 030 RB    even
C01 449 040 CS    though
C01 449 050 IN    in
C01 449 060 PPLS  themselves
C01 449 070 ABL   such
C01 449 080 NNS   restrictions
C01 450 010 MD    will                      >
C01 450 011 XNOT  n't                       <
C01 450 020 VB    give
C01 450 030 DTS   those
C01 450 040 IN    in
C01 450 050 NN    need
C01 450 060 ATI   the
C01 450 070 NN    wherewithal
C01 450 080 TO    to
C01 450 090 VB    obtain
C01 450 100 NN    food
C01 450 101 .     .
C01 451 001 ----- -------------------------------------------
C01 451 010 ABN   all
C01 451 020 DTS   these
C01 451 021 ,     ,
C01 451 030 RB    however
C01 451 031 ,     ,
C01 451 040 BER   are
C01 451 050 JJ    exceptional
C01 451 060 CC    or
C01 451 070 NN    fringe
C01 451 080 NNS   cases
C01 451 090 IN    in
C01 451 100 ATI   the
C01 452 010 JJ    modern
C01 452 020 NN    world
C01 452 021 .     .
C01 452 022 ----- -------------------------------------------
C01 452 030 PP3AS they
C01 452 040 DO    do                        >
C01 452 041 XNOT  n't                       <
C01 452 050 VB    undermine
C01 452 060 ATI   the
C01 452 070 JJ    general
C01 452 080 JJ    orthodox
C01 453 010 NN    argument
C01 453 020 CS    that
C01 453 030 NN    export
C01 453 040 NNS   restrictions
C01 453 050 VBN   based
C01 453 060 IN    on
C01 453 070 NN    essentialist
C01 454 010 NNS   ideas
C01 454 020 BER   are
C01 454 030 JJ    contrary
C01 454 040 IN    to
C01 454 050 ATI   the
C01 454 060 NNS   interests
C01 454 070 IN    of
C01 454 080 AT    a
C01 454 090 NN    country
C01 454 100 WP    that
C01 455 010 VBZ   imposes
C01 455 020 PP3OS them
C01 455 021 .     .
C01 457 001 ----- -------------------------------------------
C01 457 010 WDT   what
C01 457 020 IN    about
C01 457 030 ATI   the
C01 457 040 OD    second
C01 457 050 NN    type
C01 457 060 IN    of
C01 457 070 JJ    autarchic
C01 457 080 NN    policy
C01 457 081 ,     ,
C01 457 090 DT    that
C01 457 100 IN    of
C01 458 010 VBG   minimising
C01 458 020 NN    dependence
C01 458 030 IN    on
C01 458 040 NNS   imports
C01 458 041 ?     ?
C01 458 042 ----- -------------------------------------------
C01 458 050 RN    here
C01 458 060 ATI   the
C01 458 070 JJ    orthodox
C01 458 080 NN    view
C01 459 010 BEZ   is
C01 459 020 QL    more
C01 459 030 JJ    sympathetic
C01 459 031 ,     ,
C01 459 040 CS    since
C01 459 050 PP3   it                        >
C01 459 051 BEZ   's                        <
C01 459 060 JJ    obvious
C01 459 070 CS    that
C01 459 080 JJ    serious
C01 460 010 NNS   consequences
C01 460 020 MD    can
C01 460 030 VB    result
C01 460 040 CS    if
C01 460 050 AT    a
C01 460 060 JJ    major
C01 460 070 JJ    international
C01 460 080 NN    source
C01 461 010 IN    of
C01 461 020 NN    supply
C01 461 030 IN    for
C01 461 040 JJB   key
C01 461 050 NNS   commodities
C01 461 060 IN    like
C01 461 070 NN    oil
C01 461 080 CC    or
C01 461 090 NN    gas
C01 461 100 BEZ   is
C01 461 110 RB    suddenly
C01 462 010 VBN   withdrawn
C01 462 020 CC    or
C01 462 030 VBN   disrupted
C01 462 031 .     .
C01 462 032 ----- -------------------------------------------
C01 462 040 CC    but
C01 462 050 NN    do-it-yourself
C01 462 060 NN    economics
C01 462 061 ,     ,
C01 462 070 RN    here
C01 463 010 IN    as
C01 463 020 RB    elsewhere
C01 463 021 ,     ,
C01 463 030 BEZ   is
C01 463 040 ATI   no
C01 463 050 NN    help
C01 463 051 .     .
C01 463 052 ----- -------------------------------------------
C01 463 060 PP3   it
C01 463 070 VBZ   leads
C01 463 080 NNS   people
C01 463 090 CC    and
C01 463 100 NNS   governments
C01 464 010 ABX   both
C01 464 020 TO    to
C01 464 030 VB    exaggerate
C01 464 040 ATI   the
C01 464 050 NN    risk
C01 464 060 CC    and
C01 464 070 TO    to
C01 464 080 VB    use
C01 464 090 JJ    inappropriate
C01 464 100 NNS   ways
C01 465 010 IN    of
C01 465 020 VBG   dealing
C01 465 030 IN    with
C01 465 040 PP3   it
C01 465 041 .     .
C01 467 001 ----- -------------------------------------------
C01 467 010 IN    on
C01 467 020 ATI   the
C01 467 030 OD    first
C01 467 040 NN    point
C01 467 041 ,     ,
C01 467 050 EX    there                     >
C01 467 051 BEZ   's                        <
C01 467 060 AT    a
C01 467 070 JJ    chronic
C01 467 080 NP    DIYE
C01 467 090 NN    tendency
C01 467 100 TO    to
C01 468 010 VB    overstate
C01 468 020 ATI   the
C01 468 030 NNS   dangers
C01 468 040 IN    of
C01 468 050 VBG   using
C01 468 060 JJ    overseas
C01 468 070 NNS   sources
C01 468 080 IN    of
C01 468 090 NN    supply
C01 468 091 .     .
C01 469 001 ----- -------------------------------------------
C01 469 010 IN    in
C01 469 020 NN    part
C01 469 021 ,     ,
C01 469 030 DT    this
C01 469 040 BEZ   is
C01 469 050 IN    because                               CS
C01 469 060 IN"   of                                    IN
C01 469 070 ATI   the
C01 469 080 JJ    mistaken
C01 469 090 NN    essentialist
C01 470 010 NN    belief
C01 470 020 IN    about
C01 470 030 JJ    national
C01 470 040 NNS   needs
C01 470 041 .     .
C01 470 042 ----- -------------------------------------------
C01 470 050 DT    another
C01 470 060 NN    reason
C01 470 070 BEZ   is
C01 470 080 CS    that
C01 471 010 JJ    unreflecting
C01 471 020 NN    centralism
C01 471 030 VBZ   conjures
C01 471 040 RP    up
C01 471 050 AT    a
C01 471 060 NN    picture
C01 471 070 IN    in
C01 471 080 WDT   which
C01 472 010 NNS   imports
C01 472 020 BER   are
C01 472 030 RB    always
C01 472 040 VBN   bought
C01 472 050 RB    directly
C01 472 060 IN    from
C01 472 070 RB    chronically
C01 472 080 JJ    unreliable
C01 473 010 JJ    foreign
C01 473 020 NNS   governments
C01 473 021 .     .
C01 473 022 ----- -------------------------------------------
C01 473 030 QL    more
C01 473 040 RB    typically
C01 473 041 ,     ,
C01 473 050 RB    however
C01 473 051 ,     ,
C01 473 060 PP3   it                        >
C01 473 061 BEZ   's                        <
C01 473 070 XNOT  not
C01 474 010 NNS   governments
C01 474 020 CC    but
C01 474 030 NN    business
C01 474 040 NNS   enterprises
C01 474 050 WP    which
C01 474 060 VB    ship
C01 474 070 ATI   the
C01 474 080 NNS   imports
C01 474 081 ;     ;
C01 475 010 CC    and
C01 475 020 CS    whether
C01 475 030 RB    publicly
C01 475 040 CC    or
C01 475 050 RB    privately
C01 475 060 VBN   owned
C01 475 061 ,     ,
C01 475 070 DTS   these
C01 475 080 NNS   enterprises
C01 476 010 HV    have
C01 476 020 AT    an
C01 476 030 NN    interest
C01 476 040 ABX   both
C01 476 050 IN    in
C01 476 060 VBG   retaining
C01 476 070 JJ    profitable
C01 476 080 NNS   markets
C01 476 090 CC    and
C01 477 010 IN    in
C01 477 020 VBG   keeping
C01 477 030 PP$   their
C01 477 040 NN    reputation
C01 477 050 IN    for
C01 477 060 VBG   honouring
C01 477 070 NNS   contracts
C01 477 071 .     .
C01 477 072 ----- -------------------------------------------
C01 477 080 IN    of
C01 478 010 NN    course
C01 478 011 ,     ,
C01 478 020 NNS   interruptions
C01 478 030 IN    to
C01 478 040 JJ    imported
C01 478 050 NNS   supplies
C01 478 060 MD    may
C01 478 070 RB    none                                  PN
C01 478 080 RB"   the                                   AT
C01 479 010 RB"   less                                  AP
C01 479 020 VB    take
C01 479 030 NN    place
C01 479 031 .     .
C01 479 032 ----- -------------------------------------------
C01 479 040 CC    but
C01 479 050 CS    as
C01 479 060 JNP   British
C01 479 070 NN    energy
C01 479 080 NNS   consumers
C01 479 090 MD    need
C01 480 010 RB    hardly
C01 480 020 BE    be
C01 480 030 VBN   reminded
C01 480 040 IN    after
C01 480 050 ATI   the
C01 480 060 JJ    recent
C01 480 070 NN    coal
C01 480 080 NN    strike
C01 480 081 ,     ,
C01 480 090 JJ    domestic
C01 481 010 NNS   supplies
C01 481 020 MD    may
C01 481 030 RB    also
C01 481 040 BE    be
C01 481 050 JJ    subject
C01 481 060 IN    to
C01 481 070 NN    interruption
C01 481 080 CC    and
C01 481 090 NNS   threats
C01 481 091 .     .
C01 482 001 ----- -------------------------------------------
C01 482 010 CS    whether
C01 482 020 JJ    foreign
C01 482 030 NNS   sources
C01 482 040 BER   are
C01 482 050 QL    less
C01 482 060 JJ    reliable
C01 482 070 IN    than
C01 482 080 JJ    domestic
C01 483 010 NNS   sources
C01 483 020 MD    will
C01 483 030 VB    depend
C01 483 040 IN    on
C01 483 050 ATI   the
C01 483 060 NNS   circumstances
C01 483 061 .     .
C01 483 062 ----- -------------------------------------------
C01 483 070 PP3   it
C01 483 080 MD    can                       >
C01 483 081 XNOT  n't                       <
C01 483 090 RB    just
C01 484 010 BE    be
C01 484 020 VBN   presumed
C01 484 021 .     .
C01 486 001 ----- -------------------------------------------
C01 486 010 IN    on
C01 486 020 DT    this
C01 486 030 NN    question
C01 486 040 IN    of
C01 486 050 NN    security
C01 486 051 ,     ,
C01 486 060 JJ    orthodox
C01 486 070 NN    economics
C01 486 080 HVZ   has
C01 486 090 AT    a
C01 487 010 JJ    strong
C01 487 020 JJ    positive
C01 487 030 NN    message
C01 487 031 ,     ,
C01 487 040 WP    which
C01 487 050 VBZ   comes
C01 487 060 IN    in
C01 487 070 CD    two
C01 487 080 NNS   parts
C01 487 081 .     .
C01 487 082 ----- -------------------------------------------
C01 487 090 IN    in
C01 487 100 ATI   the
C01 488 010 OD    first
C01 488 020 NN    place
C01 488 021 ,     ,
C01 488 030 PP3   it
C01 488 040 VBZ   points
C01 488 050 IN    to
C01 488 060 ATI   the
C01 488 070 NN    role
C01 488 080 IN    of
C01 488 090 JJ    broad
C01 488 091 ,     ,
C01 488 100 JJ    well-functioning
C01 489 010 JJ    international
C01 489 020 NNS   markets
C01 489 030 IN    as
C01 489 040 AT    a
C01 489 050 NN    means
C01 489 060 IN    to
C01 489 070 VBG   reducing
C01 489 080 NN    uncertainty
C01 490 010 CC    and
C01 490 020 VBG   providing
C01 490 030 IN    for
C01 490 040 NNS   emergencies
C01 490 041 .     .
C01 490 042 ----- -------------------------------------------
C01 490 050 ATI   the
C01 490 060 NN    existence
C01 490 070 IN    of
C01 490 080 ABL   such
C01 491 010 NNS   markets
C01 491 011 ,     ,
C01 491 020 IN    with
C01 491 030 JJ    free
C01 491 040 NN    access
C01 491 050 IN    for
C01 491 060 NNS   buyers
C01 491 070 CC    and
C01 491 080 NNS   sellers
C01 491 081 ,     ,
C01 491 090 VBZ   provides
C01 492 010 ATI   the
C01 492 020 JJT   best
C01 492 030 NN    assurance
C01 492 040 CS    that
C01 492 050 NNS   purchases
C01 492 060 MD    can
C01 492 070 RB    always
C01 492 080 BE    be
C01 492 090 VBN   made
C01 492 091 *-    -
C01 492 100 AT    an
C01 493 010 NN    assurance
C01 493 020 WP    which
C01 493 030 BEZ   is
C01 493 040 VBN   reduced
C01 493 050 CS    if
C01 493 060 NNS   countries
C01 493 070 VB    resort
C01 493 080 RP    to
C01 493 090 NN    export
C01 494 010 NNS   prohibitions
C01 494 011 .     .
C01 494 012 ----- -------------------------------------------
C01 494 020 ATI   the
C01 494 030 OD    second
C01 494 040 NN    part
C01 494 050 IN    of
C01 494 060 ATI   the
C01 494 070 NN    message
C01 494 080 BEZ   is
C01 494 090 CS    that
C01 494 100 IN    in
C01 495 010 ATI   the
C01 495 020 NN    case
C01 495 030 IN    of
C01 495 040 JJ    storable
C01 495 050 NNS   commodities
C01 495 060 IN    like
C01 495 070 NN    oil
C01 495 071 ,     ,
C01 495 080 NN    security
C01 495 090 MD    can
C01 495 100 BE    be
C01 496 010 VBN   improved
C01 496 011 ,     ,
C01 496 020 RB    often
C01 496 030 IN    at
C01 496 040 RB    much
C01 496 050 JJR   lower
C01 496 060 NN    cost
C01 496 070 CS    than
C01 496 080 IN    by
C01 496 090 VBG   substituting
C01 497 010 NR    home
C01 497 020 NN    production
C01 497 030 IN    for
C01 497 040 NNS   imports
C01 497 041 ,     ,
C01 497 050 IN    by
C01 497 060 ATI   the
C01 497 070 NN    holding
C01 497 080 IN    of
C01 497 090 JJ    ample
C01 497 100 NN    reserve
C01 498 010 NNS   stocks
C01 498 011 .     .
C01 498 012 ----- -------------------------------------------
C01 498 020 DTS   these
C01 498 030 NNS   stocks
C01 498 040 MD    can
C01 498 050 BE    be
C01 498 060 JJ    private
C01 498 061 ,     ,
C01 498 070 CC    or
C01 498 080 PP3AS they
C01 498 090 MD    can
C01 498 100 BE    be
C01 499 010 JJ    official
C01 499 011 ,     ,
C01 499 020 IN    as
C01 499 030 IN    in
C01 499 040 ATI   the
C01 499 050 NN    case
C01 499 060 IN    of
C01 499 070 ATI   the
C01 499 080 JJ    present
C01 499 090 NP    US
C01 499 100 JNP   Strategic
C01 500 010 NNP   Petroleum
C01 500 020 NNP   Reserve
C01 500 021 :     :
C01 500 030 NPT   Mr
C01 500 040 NP    MacQuedy
C01 500 050 HVZ   has
C01 500 060 ATI   no
C01 500 070 NN    prejudice
C01 500 080 IN    against
C01 501 010 NN    government
C01 501 020 NN    action
C01 501 030 IN    on
C01 501 040 DTS   these
C01 501 050 NNS   lines
C01 501 051 .     .
C01 503 001 ----- -------------------------------------------
C01 503 010 DTS   these
C01 503 020 CD    two
C01 503 030 NNS   parts
C01 503 040 IN    of
C01 503 050 ATI   the
C01 503 060 NN    message
C01 503 070 BER   are
C01 503 080 XNOT  not
C01 503 090 JJ    distinct
C01 503 091 ;     ;
C01 503 100 CS    for
C01 503 110 CS    unless
C01 504 010 NNS   markets
C01 504 020 BER   are
C01 504 030 VBN   allowed
C01 504 040 TO    to
C01 504 050 VB    function
C01 504 060 RB    properly
C01 504 061 ,     ,
C01 504 070 ATI   the
C01 504 080 NN    level
C01 504 090 IN    of
C01 505 010 NNS   stocks
C01 505 020 MD    will
C01 505 030 BE    be
C01 505 040 JJR   lower
C01 505 050 CS    than
C01 505 060 PP3   it
C01 505 070 MD    should
C01 505 080 BE    be
C01 505 081 .     .
C01 505 082 ----- -------------------------------------------
C01 505 090 VBG   holding
C01 505 100 NNS   stocks
C01 505 110 VBZ   costs
C01 506 010 NN    money
C01 506 011 .     .
C01 506 012 ----- -------------------------------------------
C01 506 020 WRB   why
C01 506 030 MD    should
C01 506 040 DTI   any
C01 506 050 JJ    private
C01 506 060 NN    agency
C01 506 070 VB    go
C01 506 080 IN    to
C01 506 090 ATI   the
C01 506 100 NN    expense
C01 507 010 IN    of
C01 507 020 VBG   keeping
C01 507 030 JJ    special
C01 507 040 NN    emergency
C01 507 050 NNS   stocks
C01 507 051 ,     ,
C01 507 060 CS    except
C01 507 070 RB    perhaps
C01 507 080 IN    for
C01 507 090 PP$   its
C01 508 010 AP    own
C01 508 020 JJ    exclusive
C01 508 030 NN    use
C01 508 031 ,     ,
C01 508 040 CS    if
C01 508 050 PP3   it
C01 508 060 VBZ   believes
C01 508 070 CS    that
C01 508 080 IN    in
C01 508 090 ATI   the
C01 508 100 NN    event
C01 508 110 IN    of
C01 508 120 AT    a
C01 509 010 NN    shortage
C01 509 020 ATI   the
C01 509 030 NN    government
C01 509 040 MD    will
C01 509 050 RB    at                                    IN
C01 509 060 RB"   once                                  NN
C01 509 070 VB    impose
C01 509 080 NN    price
C01 509 090 NNS   controls
C01 510 010 TO    to
C01 510 020 VB    prevent
C01 510 030 JJ    so-called                           *
C01 510 040 NN    profiteering
C01 510 041 ,     ,
C01 510 050 CC    and
C01 510 060 RB    possibly
C01 510 070 RB    also
C01 510 080 VB    make
C01 511 010 NNS   supplies
C01 511 020 JJ    available
C01 511 030 IN    from
C01 511 040 PP$   its
C01 511 050 AP    own
C01 511 060 NNS   stocks
C01 511 070 IN    at
C01 511 080 JJ    controlled
C01 511 090 NNS   prices
C01 511 091 ?     ?
C01 512 001 ----- -------------------------------------------
C01 512 010 CS    if
C01 512 020 NNS   stocks
C01 512 030 BER   are
C01 512 040 TO    to
C01 512 050 VB    play
C01 512 060 PP$   their
C01 512 070 JJ    full
C01 512 080 JJ    potential
C01 512 090 NN    role
C01 512 100 IN    in
C01 512 110 VBG   providing
C01 513 010 NN    insurance
C01 513 020 IN    against
C01 513 030 NNS   emergencies
C01 513 031 ,     ,
C01 513 040 NNS   markets
C01 513 050 HV    have
C01 513 060 TO    to
C01 513 070 BE    be
C01 513 080 VBN   allowed
C01 513 090 TO    to
C01 514 010 VB    set
C01 514 020 NNS   prices
C01 514 030 RB    freely
C01 514 031 ,     ,
C01 514 040 CC    and
C01 514 050 NNS   sales
C01 514 060 IN    from
C01 514 070 NN    government
C01 514 080 JJ    strategic
C01 515 010 NNS   stocks
C01 515 020 MD    should
C01 515 030 BE    be
C01 515 040 VBN   made
C01 515 050 IN    by
C01 515 060 NN    auction
C01 515 061 .     .
C01 517 001 ----- -------------------------------------------
C01 517 010 DT    this
C01 517 020 JJ    orthodox
C01 517 030 NN    message
C01 517 040 BEZ   is
C01 517 050 AT    a
C01 517 060 JJ    general
C01 517 070 CD1   one
C01 517 071 .     .
C01 517 072 ----- -------------------------------------------
C01 517 080 CC    but
C01 517 090 PP3   it                        >
C01 517 091 BEZ   's                        <
C01 517 100 RB    especially
C01 518 010 JJ    relevant
C01 518 020 IN    in
C01 518 030 ATI   the
C01 518 040 NN    energy
C01 518 050 NN    field
C01 518 051 ,     ,
C01 518 060 CS    because
C01 518 070 PP3   it                        >
C01 518 071 BEZ   's                        <
C01 518 080 RN    here
C01 518 090 RB    in
C01 518 100 RB"   particular
C01 519 010 CS    that
C01 519 020 NNS   risks
C01 519 030 BER   are
C01 519 040 JJ    inevitable
C01 519 050 CC    and
C01 519 060 ATI   the
C01 519 070 JJ    possible
C01 519 080 NNS   consequences
C01 519 090 IN    of
C01 520 010 NN    disturbance
C01 520 020 BER   are
C01 520 030 RB    still
C01 520 040 JJ    serious
C01 520 041 .     .
C01 520 042 ----- -------------------------------------------
C01 520 050 IN    over
C01 520 060 ATI   the
C01 520 070 JJB   past
C01 520 080 NN    decade
C01 520 090 CC    or
C01 521 010 AP    more
C01 521 011 ,     ,
C01 521 020 JNP   Western
C01 521 030 NNS   governments
C01 521 040 HV    have
C01 521 050 VBN   taken
C01 521 060 NN    action
C01 521 061 ,     ,
C01 521 070 RB    individually
C01 522 010 CC    and
C01 522 020 RB    collectively
C01 522 021 ,     ,
C01 522 030 ABX   both
C01 522 040 TO    to
C01 522 050 VB    reduce
C01 522 060 NN    dependence
C01 522 070 IN    on
C01 522 080 JJ    imported
C01 523 010 NN    oil
C01 523 020 CC    and
C01 523 030 TO    to
C01 523 040 VB    provide
C01 523 050 IN    for
C01 523 060 AT    an
C01 523 070 NN    emergency
C01 523 080 MD    should
C01 523 090 PP3   it
C01 523 100 VB    arise
C01 523 101 .     .
C01 523 102 ----- -------------------------------------------
C01 523 110 RB    in
C01 524 010 RB"   particular
C01 524 011 ,     ,
C01 524 020 PP3AS they
C01 524 030 HV    have
C01 524 040 VBN   made
C01 524 050 JJ    considerable
C01 524 060 NN    progress
C01 524 061 ,     ,
C01 524 070 DTI   some
C01 524 080 IN    of
C01 524 090 PP3   it
C01 525 010 RB    quite
C01 525 020 JJ    recent
C01 525 021 ,     ,
C01 525 030 IN    in
C01 525 040 VBG   freeing
C01 525 050 JJ    internal
C01 525 060 NNS   markets
C01 525 070 IN    for
C01 525 080 NN    energy
C01 525 090 NNS   products
C01 525 091 .     .
C01 526 001 ----- -------------------------------------------
C01 526 010 WRB   where
C01 526 020 PP3AS they                      >
C01 526 021 HV    've                       <
C01 526 030 VBN   failed
C01 526 040 TO    to
C01 526 050 VB    act
C01 526 051 ,     ,
C01 526 060 RB    largely
C01 526 070 IN    because                               CS
C01 526 080 IN"   of                                    IN
C01 526 090 ATI   the
C01 527 010 NN    dominance
C01 527 020 IN    of
C01 527 030 JJ    mistaken
C01 527 040 JJ    economic
C01 527 050 NNS   notions
C01 527 051 ,     ,
C01 527 060 BEZ   is
C01 527 070 IN    in
C01 527 080 VBG   establishing
C01 528 010 CC    and
C01 528 020 VBG   making
C01 528 030 JJ    acceptable
C01 528 040 ATI   the
C01 528 050 NN    principle
C01 528 060 CS    that
C01 528 070 RB    even
C01 528 080 IN    in
C01 528 090 NNS   times
C01 528 100 IN    of
C01 529 010 JJ    perceived
C01 529 020 NN    scarcity
C01 529 021 ,     ,
C01 529 030 NN    energy
C01 529 040 NNS   markets
C01 529 050 MD    should
C01 529 060 BE    be
C01 529 070 VBN   allowed
C01 529 080 TO    to
C01 530 010 VB    function
C01 530 020 RB    freely
C01 530 030 CC    and
C01 530 040 NNS   prices
C01 530 050 MD    should
C01 530 060 VB    reflect
C01 530 070 NN    willingness
C01 530 080 TO    to
C01 530 090 VB    pay
C01 530 091 .     .
C01 531 001 ----- -------------------------------------------
C01 531 010 IN    because                               CS
C01 531 020 IN"   of                                    IN
C01 531 030 DT    this
C01 531 040 NN    failure
C01 531 041 ,     ,
C01 531 050 ATI   the
C01 531 060 NN    risk
C01 531 070 IN    of
C01 531 080 DT    another
C01 531 090 NN    energy
C01 531 100 NN    crisis
C01 532 010 BEZ   is
C01 532 020 JJR   greater
C01 532 030 CS    than
C01 532 040 PP3   it
C01 532 050 MD    need
C01 532 060 BE    be
C01 532 061 ,     ,
C01 532 070 CC    and
C01 532 080 ATI   the
C01 532 090 JJ    possible
C01 532 100 NNS   consequences
C01 533 010 QL    more
C01 533 020 JJ    alarming
C01 533 021 .     .
C01 533 022 ----- -------------------------------------------
C01 533 030 ATI   the
C01 533 040 NN    contribution
C01 533 050 IN    of
C01 533 060 NNS   markets
C01 533 070 IN    to
C01 533 080 NN    security
C01 533 090 BEZ   is
C01 534 010 RB    still
C01 534 020 JJ    unrecognised
C01 534 021 .     .
