Battling myths in institutional energy financing
The history of our energy situation seems to be well grounded in myths, misinformation and misunderstanding. In 1926, the Fuel Oil Conservation Board announced we had six years of oil left. In 1939, the Department of Interior declared we had thirteen years of oil left. As of August 1, 1975, the Federal Energy Administration said we had sufficient oil resources to last 3,419 days, or slightly more than nine years. Today energy is wrapped in the mantle of skepticism, cynicism or, at best, apathy. Our dependency on foreign oil is greater than in 1973. Energy analysts with considerable caution and careful deliberation are predicting $38 a barrel oil by 1992. Private sector energy financing, also called performance contracting, shared savings, etc., which in itself is a problem does provide a new arsenal to fight the quiet battle for energy efficiency.
- Research Organization:
- Hansen Associates (US)
- OSTI ID:
- 5213489
- Journal Information:
- SPE (Society of Petroleum Engineers) Product. Eng.; (United States), Vol. 7:3
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY MANAGEMENT SYSTEMS
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PETROLEUM INDUSTRY
SUPPLY AND DEMAND
FORECASTING
FOREIGN POLICY
ENERGY SYSTEMS
GOVERNMENT POLICIES
INDUSTRY
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum