Energy in Soviet Policy. A study of the Joint Economic Committee, Congress of the United States

Book · Thu Jan 01 04:00:00 EST 1981

OSTI ID:6260960

Different estimates of future Soviet oil production are examined. The Central Intelligence Agency (CIA) is generally viewed as having the most-pessimistic assessment, foreseeing a gradual decline. If the CIA is correct, Soviet-bloc countries may become net energy importers later in this decade. The added pressure on world oil prices could then increase our own inflationary problems. Reduced Soviet energy production may lessen its hold on eastern Europe and heighten its interest in Middle Eastern supplies. At the optimistic extreme, the Economic Commission of Europe foresees steady or possibly somewhat increased Soviet oil production throughout the 80s. If the Commission is correct, the US will face another set of challenges and opportunities. The Soviets would not add to existing demand on the world petroleum market, but an exportable surplus of oil and gas could give them a powerful diplomatic tool. 22 references. (DCK)

• OSTI ID: 6260960
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
290000* -- Energy Planning & Policy
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
ASIA
COMPETITION
EASTERN EUROPE
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
EUROPE
FORECASTING
FOREIGN POLICY
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
PETROLEUM
TRADE
USSR