Energy outlook through 2000

Book · Sat Jan 01 04:00:00 EST 1983

OSTI ID:6013900

The 1983 edition includes expanded detailed regional forecasts of energy demand by fuel type consistent with the latest views regarding economic growth, oil prices, and energy conservation. Major emphasis is placed on oil as the marginal energy supply with considerable analysis regarding OPEC's current dilemma in controlling production to maintain market price and sustain member countries'-revenue stream. In this context, the production profiles and revenue streams of the OPEC members are examined under two oil price scenarios. The first scenario represents our 50 percentile (best estimate) forecast wherein OPEC is successful in defending the current $34 market crude price. In the second oil price scenario a continuation of the current recession and OPEC's inability to control production results in a marker crude price collapse to $26 in 1983. At present a 25 to 35 percent likelihood is assigned to this event. The study concludes with an assessment of the prognosis of such unconventional energy sources as nuclear fusion.

• OSTI ID: 6013900
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
DEMAND
ECONOMICS
ENERGY
ENERGY CONSERVATION
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
INTERNATIONAL ORGANIZATIONS
NUCLEAR ENERGY
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PRICES