World oil availability: the role of OPEC policies

Journal Article · Thu Jan 01 04:00:00 EST 1981 · Annu. Rev. Energy; (United States)

DOI:https://doi.org/10.1146/annurev.eg.06.110181.001411· OSTI ID:6825010

Fesharaki, F

The new ''bean-counting'' approach, which examines the technical, economic, and political factors that affect OPEC nations' perceptions and policy options, can lead to far-more-realistic evaluations of world oil availability in the 1980s. In general, by 1990, OPEC oil exports will decline by 15-40%, and the world oil trade could shrink by 30%. Little reflief is expected from non-OPEC oil producers in the developed, developing, and Communist regions. OPEC nations' pricing is expected to be based on regional considerations, with wide variations in price between different qualities of crude oil that ignore the traditional differentials mechanism. In all, the world economy remains unprepared to cope with the fundamental changes brought about by OPEC. 40 refs.

• Research Organization: East-West Resources Systems Inst., Honolulu, Hawaii
• OSTI ID: 6825010
• Journal Information: Annu. Rev. Energy; (United States), Journal Name: Annu. Rev. Energy; (United States) Vol. 6; ISSN AREND
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002* -- Energy Planning & Policy-- Petroleum
ECONOMIC POLICY
ENERGY SOURCES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
GOVERNMENT POLICIES
INSTITUTIONAL FACTORS
INTERNATIONAL ORGANIZATIONS
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM
PRICES
SOCIO-ECONOMIC FACTORS