World heavy oil and bitumen riches - update 1983: Part one, reserves

Journal Article · Wed May 25 00:00:00 EDT 1983 · Energy Detente; (United States)

OSTI ID:6330146

The fact that there are several OPEC members with significant non-conventional petroleum reserves, coupled with the economic interdependence of OPEC with oil-importing industrialized countries, means it is very much in OPEC's interest to promote international cooperation on non-conventional oil. The rationale behind the goal of decreasing dependence on conventional oil, particularly in the case of imports, is promotive of reducing pressure not only on oil-importing nations, but exporters as well. Thus it is in the interests of all countries to plan for the heavying up of the petroleum barrel, as this will inevitably accompany the decreases in conventional supplies and any increases of non-petroleum participation in the world energy diet. Although the megaprojects in Canada and Venezuela and other ambitious plans for development of heavy oil and bitumen have been shelved or delayed indefinitely due to lower light oil prices and reduced financial support, it was found that these setbacks have been superficial. Both Canada and Venezuela continue to pursue joint research with foreign countries and private companies. Like conservation, non-conventional petroleum-resource development is seen as internationally constructive. In this updating of reserves, it is noted that the geopolitics are inescapable when most of the light and medium oil is in the Middle East, and most heavy oil and tar sands are in the Western Hemisphere. This issue presents the Energy Detente fuel price/tax series and industrial fuel prices for May 1983 for countries of the Western Hemisphere.

• OSTI ID: 6330146
• Journal Information: Energy Detente; (United States), Vol. 4:10
• Country of Publication: United States
• Language: English and Spanish

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
BITUMENS
RESERVES
COAL
PRICES
NATURAL GAS
OPEC
INTERNATIONAL COOPERATION
PETROLEUM
GLOBAL ASPECTS
PETROLEUM PRODUCTS
INDUSTRY
STATISTICAL DATA
TAXES
VISCOSITY
CARBONACEOUS MATERIALS
COOPERATION
DATA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INFORMATION
INTERNATIONAL ORGANIZATIONS
MATERIALS
NUMERICAL DATA
OIL-EXPORTING COUNTRIES
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
RESOURCES
TAR
020100* - Petroleum- Reserves- (-1989)
294002 - Energy Planning & Policy- Petroleum