Another year of grunting it out in the trenches

Journal Article · Sun Dec 01 00:00:00 EST 1991 · World Oil; (United States)

OSTI ID:5482653

Kelly, P L ^[1]

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1. Special Projects, Rowan Co., Inc., Houston, TX (US)

This paper reports that last year's conflict in the Persian Gulf reminded the world of the crucial role energy plays in our civilization and placed the issue of energy back near the center of the political stage. Saddam Hussein's callous destruction of much of Kuwait's oil producing capacity highlighted the dependence of the industrial and developing world on a secure supply of oil and gas. This even gave momentum to policymakers in every nation of the world with significant hydrocarbon potential-except the U.S.-to encourage investment, provide incentives for exploration and development, and in so doing, increase the security of their own supply of oil and natural gas. As the curtain rises on 1992, the U.S. Congress continues to allow misconceptions, rather than fact, to drive energy policy and Outer Continental Shelf (OCSA) leasing decisions. As a result, domestic production will decline further in 1992, jobs and revenue will be lost, imports will rise, and the nation's energy future will be uncertain, because it relies more than ever on Middle Eastern production.

• OSTI ID: 5482653
• Journal Information: World Oil; (United States), Vol. 212:12; ISSN 0043-8790
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY POLICY
FORECASTING
PETROLEUM INDUSTRY
EXPLORATION
FINANCIAL INCENTIVES
HYDROCARBONS
INVESTMENT
KUWAIT
LEGAL INCENTIVES
NATURAL GAS
PERSIAN GULF
PETROLEUM
PETROLEUM PRODUCTS
PRODUCTION
USA
ARABIAN SEA
ASIA
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDIAN OCEAN
INDUSTRY
MIDDLE EAST
NORTH AMERICA
ORGANIC COMPOUNDS
SEAS
SURFACE WATERS
294002* - Energy Planning & Policy- Petroleum