State of energy - a longer-term perspective

Conference · Thu Aug 01 00:00:00 EDT 1985 · Energy Technol. (Wash., D.C.); (United States)

OSTI ID:5853960

Miller, J R

Highlights of current energy policy concerns from the oil industry's perspective include oil's position as the world's most traded commodity and the need for the US to have innovative and stable energy policies, as well as to be aware of the cumulative effect of these policies. The short-term surplus and low prices should not be comforting because none of the major energy sources are renewable, yet this glut is dominating the thinking of investors and regulators. The restructuring within the oil industry because the value placed on oil in the ground is lower than the cost of finding oil may have diverted funds from energy development. The conviction that new sources of supply will be needed and that energy prices will rise again demands an industry commitment to technology development. With many petroleum and coal deposits just becoming attractive because of new technological development, the author needs long-range policies that support a stable tax environment and do not arbitrarily restrict access to resources.

• Research Organization: Standard Oil Co., Cleveland, OH
• OSTI ID: 5853960
• Report Number(s): CONF-850301-
• Journal Information: Energy Technol. (Wash., D.C.); (United States), Vol. 12; Conference: 12. annual energy technology conference and exposition, Washington, DC, USA, 25 Mar 1985
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY SOURCE DEVELOPMENT
TECHNOLOGY UTILIZATION
FOSSIL FUELS
ENERGY POLICY
FINANCIAL INCENTIVES
INVESTMENT
PETROLEUM INDUSTRY
PRICES
TAXES
ENERGY SOURCES
FUELS
GOVERNMENT POLICIES
INDUSTRY
293000* - Energy Planning & Policy- Policy
Legislation
& Regulation
294000 - Energy Planning & Policy- Fossil Fuels