American import policy and the world oil market

Journal Article · Sat Sep 01 04:00:00 EDT 1973 · Energy Policy, v. 1, no. 2, pp. 91-99

DOI:https://doi.org/10.1016/0301-4215(73)90032-3· OSTI ID:4384448

Adelman, M A

Little effect will be seen for self-sufficiency before 1980, when imports are expected to reach 10 million barrels/day. There is no danger of the U. S. bidding away scarce oil. First, it has no power to do so. The American and other multinational oil companies take orders from the producing nations, no matter who owns them. Second, oil continues as before in great potential over- supply, which the growing price--cost gap will aggravate. Price and availability of world oil unrelated to supply and demand, high prices and insecure supply, and Middle East politics irrelevant to security of price are discussed. (Note: This article was written before the Arab oil embargo). (MCW)

• Research Organization: Massachusetts Inst. of Tech., Cambridge
• Sponsoring Organization: USDOE
• NSA Number: NSA-29-012391
• OSTI ID: 4384448
• Journal Information: Energy Policy, v. 1, no. 2, pp. 91-99, Journal Name: Energy Policy, v. 1, no. 2, pp. 91-99; ISSN ENPYA
• Country of Publication: Country unknown/Code not available
• Language: English

Related Subjects

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