World oil and cold reality. [Supply conforms to producer logic]

Journal Article · Sat Nov 01 00:00:00 EST 1980 · Harv. Bus. Rev.; (United States)

OSTI ID:6306084

Benard, A

Faced with the fact that the oil-exporting countries now call the tune in supply and price, can their customers act to alter their profligate consumption habits and develop oil substitutes. Can they embark on a period of restructured growth and leave behind their world of internal contradictions (as this article terms them), in which every sneeze by an OPEC nation seems to produce an economic cold at home. The author of this article, a top oil company executive, voices some pessimism about the outcome in the medium term. He projects scenarios for the production of oil and other energy sources in the next two decades. Using scenarios from his company's well-regarded planning staff, the author shows ranges of availability in which price has lost its conventional influence in the supply-demand equation. The conclusions are not encouraging for oil consumers.

• OSTI ID: 6306084
• Journal Information: Harv. Bus. Rev.; (United States), Vol. 58:6
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY SUPPLIES
FORECASTING
OIL-IMPORTING COUNTRIES
OPEC
ECONOMIC POLICY
PETROLEUM
ECONOMICS
PRICES
PRODUCTION
SUPPLY AND DEMAND
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
294002* - Energy Planning & Policy- Petroleum
292000 - Energy Planning & Policy- Supply
Demand & Forecasting