Contents: Preface, Matthew Hensley; An Overview of Economic and Political Incentives to Petroleum Exploration, Jeremiah D. Lambert; Investment Policies in the International Petroleum Industry: Responses to the Current Crisis, Thomas Walde; Promoting Private Sector Petroleum Investments in LDC'S: A World Bank Objective, Dr. Denis Carpio; Innovative Financing of Petroleum Projects: Options During the Cyclical Downturn, Edward L. Morse; Joint Development of Petroleum Resources in Overlapping Claim Areas, Mark J. Valencia; The Development and Trade of Petroleum Resources in the Pacific Rim: The Roles Played by Governments, Corazon Morales Siddayao; Impact of Lower Oil Prices..., Yager; World Oil Markets Back to the Future: The Evolution of the Meganationals, Dr. Paul Mlotok; and Summary of Discussion..., Datuk Harun Ariffin and Ernst Wilheim.