Economy and OPEC: shadows in the 1982 energy picture

Journal Article · Fri Jan 01 04:00:00 EST 1982 · Energy Manage. (Cleveland, Ohio); (United States)

OSTI ID:5512985

Rodgers, G M

The economy, which determines the level of services demand and the investment climate, and OPEC policies will continue to dominate oil prices and affect the prices of other energy sources during 1982. Data Resources, Inc. (DRI) data show the recession continuing into the second half of the year, when a slow recovery could bring a better year in 1983. DRI's analysis of world oil markets indicates available demand for 1982 and a gradual increase in both OPEC and non-OPEC productions. OPEC, and Saudi Arabia in particular, want to dominate oil prices until they have achieved self-sustaining economies based on non-oil revenues, but this may not be possible if world demand remains low unless real prices can be kept constant. 4 tables. (DCK)

• Research Organization: Data Resources, Inc., Cambridge, MA
• OSTI ID: 5512985
• Journal Information: Energy Manage. (Cleveland, Ohio); (United States), Journal Name: Energy Manage. (Cleveland, Ohio); (United States) Vol. 8:1; ISSN ENEMD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002* -- Energy Planning & Policy-- Petroleum
ECONOMIC POLICY
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PRICES
SUPPLY AND DEMAND