OPEC surplus. [Monograph]

Book · Thu Jan 01 04:00:00 EST 1981

OSTI ID:5774429

The current OPEC surplus is examined to see what parallels exist with the surplus created in the early 1970s. New variables in the world economy indicate that changes in world oil production and consumption patterns may eventually lessen OPEC's market significance. The combination of non-OPEC oil exploration and production and moves by oil-importing nations to improve energy efficiency and to seek oil alternatives will lessen dependence on OPEC oil. A series of tables quantifies and projects OPEC revenues, highlighting some of the disparities between individual countries. The need to recycle OPEC surplus revenue in the world economy could disappear as early as 1984. 8 tables. (DCK)

• OSTI ID: 5774429
• 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
294002* -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PRODUCTION
PROFITS
RECYCLING