World petroleum outlook, 1982. Hearing before the Committee on Energy and Natural Resources, United States Senate, Ninety-Seventh Congress, Second Session, April 23, 1982
Book
·
OSTI ID:6486499
Six witnesses from the petroleum industry and both the public and private sectors of energy-supply analysis spoke at a hearing on the various factors affecting international oil supplies. Dr. Dennis O'Brien, DOE Deputy Assistant Secretary for International Affairs, described current oil markets, reviewed the short-term effects of the recent OPEC decision to reduce oil production, and projected that structural adjustments due to energy price increases and instabilities in the Persian Gulf will continue to dominate world oil markets throughout the 1980s. Other witnesses focused on the responses of oil consumption and demand to the changing conditions and the uncertainties of political and price stability and of fuel substitutions. Among the proposals were the need to complete the Strategic Petroleum Reserve, to impose a tariff on oil imports, and an expansion of production capability to non-OPEC areas. (DCK)
- OSTI ID:
- 6486499
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020700 -- Petroleum-- Economics
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ECONOMICS
ENERGY SOURCES
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FOSSIL FUELS
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HEARINGS
INSTITUTIONAL FACTORS
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020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ECONOMICS
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
HEARINGS
INSTITUTIONAL FACTORS
MARKET
PETROLEUM
POLITICAL ASPECTS