Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

Energy policies in industrialized countries: an evaluation of the past decade

Journal Article · · J. Energy Dev.; (United States)
OSTI ID:6939833

Energy policy developments prior to 1973 derived from an atmosphere of unconcern because it was assumed that abundant supplies of cheap oil would continue indefinitely. Reactions to the 1973-74 embargo did little to enhance common understanding among the developed countries, but it did move oil to the top priority. The International Energy Agency was formed to help member nations, both consumers and producers, cope with future disruptions and restructure their energy use. The author notes that most oil exports come from a politically sensitive area and that a demand decrease, not new supplies, created the current surplus in his argument for candid communication among members. It will be as important when economic growth resumes to avoid energy problems as it was in the early 70s.

Research Organization:
International Energy Agency, Paris, France
OSTI ID:
6939833
Journal Information:
J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 9:1; ISSN JENDD
Country of Publication:
United States
Language:
English