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World energy outlook: Chevron forecasts supply and demand to the year 2000

Journal Article · · Chevron World; (United States)
OSTI ID:5294394
Chevron analyzes major trends in supply and demand to create a framework for forecasting what the petroleum industry faces in the years ahead. A mulitiplicity of demand factors makes these predictions difficult, but Chevron's forecast differs from others in its attempt to match petroleum product demand with oil supply and refinery capacity for all regions of the world. Charts illustrate that, barring political or military restraints, there is enough recoverable crude oil to meet projected demand through the year 2000, with prices rising as production rates approach the world's capacity rates. Competition from natural gas, shale oil, and coal liquids will increase as price differentials narrow. US projections show an increasing dependence on oil imports from 30% in 1984 to over half of all US supplies by the year 2000. 3 figures.
OSTI ID:
5294394
Journal Information:
Chevron World; (United States), Journal Name: Chevron World; (United States); ISSN CHWOD
Country of Publication:
United States
Language:
English