World petroleum outlook, 1982. Hearing before the Committee on Energy and Natural Resources, United States Senate, Ninety-Seventh Congress, Second Session, April 23, 1982

Book · Fri Jan 01 00:00:00 EST 1982

OSTI ID:6486499

Six witnesses from the petroleum industry and both the public and private sectors of energy-supply analysis spoke at a hearing on the various factors affecting international oil supplies. Dr. Dennis O'Brien, DOE Deputy Assistant Secretary for International Affairs, described current oil markets, reviewed the short-term effects of the recent OPEC decision to reduce oil production, and projected that structural adjustments due to energy price increases and instabilities in the Persian Gulf will continue to dominate world oil markets throughout the 1980s. Other witnesses focused on the responses of oil consumption and demand to the changing conditions and the uncertainties of political and price stability and of fuel substitutions. Among the proposals were the need to complete the Strategic Petroleum Reserve, to impose a tariff on oil imports, and an expansion of production capability to non-OPEC areas. (DCK)

• OSTI ID: 6486499
• Resource Relation: Related Information: Publication No. 97-81
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
ENERGY SUPPLIES
ECONOMICS
POLITICAL ASPECTS
PETROLEUM
FORECASTING
HEARINGS
MARKET
ENERGY SOURCES
FOSSIL FUELS
FUELS
INSTITUTIONAL FACTORS
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects