Long-term energy demand: Projections of the International Energy Agency

O`Dell, S

Title: Long-term energy demand: Projections of the International Energy Agency

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Abstract

In recent years it has been argued by many oil market observers that the perturbations of the past 22 years have been an aberration and that, in essence, the underlying problems have been solved; the pressures that led to the, at times, drastic fluctuations in oil and other energy prices over the past two decades have now been addressed. There is enough energy in the world, it is often stated, to satisfy the growing energy needs of developed and rapidly developing countries everywhere at roughly current prices. Energy demand growth has been very rapid since the sharp fall in oil prices in 1986, in spite of the recent significant demand reductions in the countries of the former Soviet Union and Central and Eastern Europe (FSU/CEE). In fact, if the FSU/CEE is excluded, world energy demand grew by 17 percent from 1986 to 1992, while oil demand in 1994 was more than 12 million barrels per day higher than in 1985. While the abundance of potential energy resources is not in dispute, the present combination of rapid energy demand growth and low energy prices may not be sustainable.

Authors:

O`Dell, S ^[1]

International Energy Agency, Paris (France)

Publication Date:: Sat Dec 31 00:00:00 EST 1994

OSTI Identifier:: 443420

Resource Type:: Journal Article

Journal Name:: Journal of Energy and Development

Additional Journal Information:: Journal Volume: 19; Journal Issue: 2; Other Information: PBD: Spr 1994

Country of Publication:: United States

Language:: English

Subject:: 29 ENERGY PLANNING AND POLICY; INTERNATIONAL ENERGY AGENCY; PROJECTION SERIES; PETROLEUM

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                    O`Dell, S. Long-term energy demand: Projections of the International Energy Agency.  United States: N. p., 1994. 
        Web.

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                    O`Dell, S. Long-term energy demand: Projections of the International Energy Agency.  United States.

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                    O`Dell, S. 1994.  
        "Long-term energy demand: Projections of the International Energy Agency".  United States.

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@article{osti_443420,

  title        = {Long-term energy demand: Projections of the International Energy Agency},

  author       = {O`Dell, S},

  abstractNote = {In recent years it has been argued by many oil market observers that the perturbations of the past 22 years have been an aberration and that, in essence, the underlying problems have been solved; the pressures that led to the, at times, drastic fluctuations in oil and other energy prices over the past two decades have now been addressed. There is enough energy in the world, it is often stated, to satisfy the growing energy needs of developed and rapidly developing countries everywhere at roughly current prices. Energy demand growth has been very rapid since the sharp fall in oil prices in 1986, in spite of the recent significant demand reductions in the countries of the former Soviet Union and Central and Eastern Europe (FSU/CEE). In fact, if the FSU/CEE is excluded, world energy demand grew by 17 percent from 1986 to 1992, while oil demand in 1994 was more than 12 million barrels per day higher than in 1985. While the abundance of potential energy resources is not in dispute, the present combination of rapid energy demand growth and low energy prices may not be sustainable.},

  doi          = {},

  url          = {https://www.osti.gov/biblio/443420},
  journal      = {Journal of Energy and Development},
number       = 2,

  volume       = 19,

  place        = {United States},

  year         = {Sat Dec 31 00:00:00 EST 1994},

  month        = {Sat Dec 31 00:00:00 EST 1994}

}

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