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U.S. Department of Energy
Office of Scientific and Technical Information

World petroleum outlook. [Monograph]

Book ·
OSTI ID:5940660
Mr. Cosso projects the following: (1) petroleum consumption growth will decline during the 1980s, with the US recording the largest decline, while supplies will be adequate and price increases moderate; (2) fuel substitution and conservation will account for most of the drop in demand, but some will shift to developing countries; (3) excess refinery capacity will increase because of reduced demand, which will also moderate prices; and (4) energy projects will demand a large share of investment capital during the decade because of exploration and alternative energy sources. These forecasts are based on market statistics, world reserve estimates, refining capacity, and an analysis of the OPEC pricing plan. 8 tables. (DCK)
OSTI ID:
5940660
Country of Publication:
United States
Language:
English