Higher prices to spark offshore, EOR. [Enhanced oil recovery]

Journal Article · Mon Apr 21 04:00:00 EST 1980 · Oil Gas J.; (United States)

OSTI ID:6863144

Rising oil and gas prices will speed development of technology for deep-water operations and enhanced oil recovery during the 1980s. However, the US petroleum industry can expect more battles with government over issues like excise tax on revenue gains from crude price decontrol. During the 1980s, global energy demand growth will slow, but oil and gas exploration will be feverish. The global energy demand growth is estimated at 2.8%/yr through 1989 and 2.1%/yr through 2000. Oil demand should grow at 1.4%/yr through 1989, compared with 7.8%/yr during 1960 to 1973 and 1.9%/yr during 1973 to 1979. These predictions are made: petroleum will be the dominant source of global energy through the 1980s; energy demand growth will take place mainly outside industrial nations; petroleum demand growth will be constrained by higher prices, supply limitations, and increased consumption of nonpetroleum fuels; industrialized countries will have to use as much coal and nuclear power as possible; and the US will remain dependent on imported crude.

• OSTI ID: 6863144
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 78:16; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
CARBONACEOUS MATERIALS
COAL
DEMAND
ENERGY DEMAND
ENERGY SOURCES
ENERGY SUPPLIES
ENHANCED RECOVERY
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUEL SUBSTITUTION
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
IMPORTS
INDUSTRY
MATERIALS
NATURAL GAS
NORTH AMERICA
NUCLEAR POWER
OFFSHORE SITES
PETROLEUM
PETROLEUM INDUSTRY
POWER
PRICES
PRICING REGULATIONS
RECOVERY
REGULATIONS
USA