World Petroleum Congress, 1983: contemporary questions for a new century

Journal Article · Wed Sep 14 00:00:00 EDT 1983 · Energy Detente; (United States)

OSTI ID:5925280

The present glut and lower prices took some of the importance away from the 11th World Petroleum Congress in London which ended the first week of September. Only 2522 delegates from 69 countries participated, compared to 4331 attendees at the 1979 Congress in Bucharest. Projections were more modest and cautious, but the general message was that, barring the unexpected, we have enough oil to last until the end of this century, while coal, nuclear power, and hydroelectricity will increase their shares of the world's energy diet. Among the conclusions are: (1) the new oil will cost more to produce in the future; estimated oil industry cash needs will be US $200-billion (1983 US dollars) by the year 2000; (2) the need for alternative energy sources becomes increasingly critical for most of the world's countries; (3) a further concern about estimates of world petroleum availability is the present limited discovery rate relative to production; and (4) there is an immense quantity of conventional crude oil in the world, but our capacity for consumption is perfectly capable of challenging that supply. This issue includes the Energy Detente fuel price/tax series and the principal industrial fuel prices for September 1983 for countries of the Eastern Hemisphere.

• OSTI ID: 5925280
• Journal Information: Energy Detente; (United States), Vol. 4:17
• Country of Publication: United States
• Language: English and Spanish

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
COAL
PRICES
NATURAL GAS
PETROLEUM
ECONOMICS
GLOBAL ASPECTS
PETROLEUM PRODUCTS
DATA COMPILATION
ENERGY SOURCES
FORECASTING
INDUSTRY
TAXES
CARBONACEOUS MATERIALS
DATA
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
MATERIALS
NUMERICAL DATA
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum