Vulnerability to closing of Hormuz

Journal Article · Wed Mar 07 04:00:00 EST 1984 · Energy Detente; (United States)

OSTI ID:5290355

Tankers carrying roughly 8-million barrels per day (mmb/d) of crude oil, or some 16% of the non-communist world's oil supply, pass through the Strait of Hormuz. Experts agree that just 3-mmb/d of that could be exported through alternate routes. If the war between Iran and Iraq should result in their completely halting each other's production, this relatively limited supply curtailment would reduce world oil production by over 3.4-mmb/d. Since the two have not caused such mutual disaster during four years of war, many observers believe there has been a deliberate avoidance of the jugular squeeze. Nevertheless, the two combatants appear capable not only of cutting off their oil production, but escalating fighting to the point where Gulf traffic would be impeded. Potential results from a prolonged Iran-Iraq crisis are viewed in three scenarios. Also included in this issue are brief summaries of: (1) Mexico's new energy plan, internationalism, and OPEC; (2) update on Argentina's energy resource developments; (3) Venezuela: belt tightening; (4) Western Hemisphere oil production declines; (5) (6) days of oil supply for Canada, USA, Japan, France, Italy, and UK; and (6) US Department of Defense fuel consumption. The Energy Detente fuel price/tax series and principal industrial fuel prices are included for March for countries of the Eastern Hemisphere.

• OSTI ID: 5290355
• Journal Information: Energy Detente; (United States), Journal Name: Energy Detente; (United States) Vol. 5:5; ISSN EDETD
• Country of Publication: United States
• Language: English and Spanish

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02 PETROLEUM
020700* -- Petroleum-- Economics
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ARABIAN SEA
ARGENTINA
ASIA
CARBONACEOUS MATERIALS
COAL
DATA
DEVELOPING COUNTRIES
DOMESTIC SUPPLIES
ECONOMIC POLICY
ENERGY CONSUMPTION
ENERGY POLICY
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL CONSUMPTION
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDIAN OCEAN
INFORMATION
IRAN
IRAQ
LATIN AMERICA
MARITIME TRANSPORT
MATERIALS
MEXICO
MIDDLE EAST
NATIONAL ORGANIZATIONS
NATURAL GAS
NORTH AMERICA
NUMERICAL DATA
PERSIAN GULF
PETROLEUM
PETROLEUM PRODUCTS
PRICES
SEAS
SOUTH AMERICA
STATISTICAL DATA
STRAIT OF HORMUZ
SURFACE WATERS
TAXES
TRANSPORT
US DOD
US ORGANIZATIONS
VENEZUELA
VULNERABILITY