Eastern Europe major opportunity for oil industry
- ESSO A.G., Hamburg (DE)
The joint effort to overcome the political, technical, and commercial obstacles to adequate energy supply in Eastern Europe may pose one of the biggest entrepreneurial challenges of the decades to come. This article focuses on the former East Germany and Poland, Czechoslovakia, and Hungary. They are the markets most likely to be developed in the near future. The best data are available on East Germany. Therefore, the forecast material will concentrate on that region. But the trends seen there will apply to the other countries, keeping in mind though, that East Germany was regarded as the most advanced member of the Former East Bloc in industrial development. A look at some key economic data reveals the potential of the oil markets. Looking at per capita energy consumption, these countries were real world champions. In view of the low standard of living, this is the yardstick of living, this is the yardstick for an unbelievable waste of scarce resources and indicates a total lack of respect for the environment.
- OSTI ID:
- 5678060
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:42; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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