Sense and nonsense about world oil

Journal Article · Sun Jan 01 04:00:00 EST 1984 · Energy J.; (United States)

OSTI ID:6731532

Adelman, M A

Reviewing a 1982 book by Melvin Conant, the author states that noneconomic assumptions are irrelevant in evaluating the quest for a global allocation agreement between oil-exporting and oil-importing countries as oil supplies become scarce. He argues that price, not access, is the problem, and that intervention should offer disguised price increases and allow market forces to function. Conant responds that, since governments do intervene in noneconomic ways, it is pragmatic for economists and political scientists to try to understand how these noneconomic forces work. 2 references.

• Research Organization: Massachusetts Inst. of Tech., Cambridge
• OSTI ID: 6731532
• Journal Information: Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 5:1; ISSN ENJOD
• 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
AGREEMENTS
ALLOCATIONS
ECONOMIC POLICY
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
INTERNATIONAL AGREEMENTS
MARKET
OIL-EXPORTING COUNTRIES
OIL-IMPORTING COUNTRIES
PETROLEUM
POLITICAL ASPECTS