OPEC: where have all the barrels gone
Journal Article
·
· Energy Dly.; (United States)
OSTI ID:6524163
What happened to OPEC's once overriding role in world energy supply. What caused OPEC's total production to be cut in half in the short span of four years, dropping from its peak of 31 million b/d in 1979 to the level of 15-18 million b/d maintained so precariously for the last 18 months. The question is opportune because the OPEC ministers meet in Vienna this week to grapple once more with their members' competing demands for higher production quotas. Their ability to maintain discipline hinges sensitively upon the future balance of supply and demand.
- OSTI ID:
- 6524163
- Journal Information:
- Energy Dly.; (United States), Journal Name: Energy Dly.; (United States) Vol. 12:132; ISSN ENDAD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
AGREEMENTS
ENERGY SOURCES
EXPORTS
FOSSIL FUELS
FUELS
INDUSTRY
INTERNATIONAL AGREEMENTS
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION
TRADE
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
AGREEMENTS
ENERGY SOURCES
EXPORTS
FOSSIL FUELS
FUELS
INDUSTRY
INTERNATIONAL AGREEMENTS
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION
TRADE