Learning to live with OPEC oil: what we learned

Journal Article · Sat Jan 01 04:00:00 EST 1983 · Shield; (United States)

OSTI ID:6004352

Ten years after the Arab oil embargo and the end of cheap oil, the author examines the sequence of political and oil market events to see how consumers, the US government, the energy industry, and OPEC have changed. Consumers have learned to conserve and have disengaged energy consumption growth from economic growth. The US government has moved toward decontrol after an initial effort to maintain the status quo. The industry made new discoveries of oil resources and oil alternatives. OPEC achieved economic and political power, launched economic development and modernization programs, and continues to be an uneasy alliance of nations with conflicting needs. 3 figures.

• OSTI ID: 6004352
• Journal Information: Shield; (United States), Journal Name: Shield; (United States) Vol. 8:3; ISSN SHIED
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
ENERGY CONSERVATION
ENERGY CONSUMPTION
ENERGY SOURCES
FOSSIL FUELS
FUEL CONSUMPTION
FUELS
GOVERNMENT POLICIES
HISTORICAL ASPECTS
INDUSTRY
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
MARKET
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM INDUSTRY
POLITICAL ASPECTS
PRICES
SUPPLY DISRUPTION