World oil: Coping with the dangers of success

Book · 01 January 1985

OSTI ID:6940888

Flavin, C

In the resultant lull of lower oil prices, energy has become less of an international issue and investments are moving towards other industries. This study points out the dangers of such false security. ''The rise in value of the dollar - the currency in which oil is generally traded - has caused the real cost of oil to remain steady or rise in many countries. The continuing high cost of energy has contributed to Europe's economic malaise and has severely damaged many Third World economies... unable to pay for oil or for the investments needed to create non-oil based economies, Third World nations are in danger of becoming trapped in an economic underclass.'' Other hazards are discussed.

• OSTI ID: 6940888
• Country of Publication: United States
• Language: English

Related Subjects

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DOCUMENT TYPES
ECONOMICS
ENVIRONMENTAL IMPACTS
FUEL SUBSTITUTION
GLOBAL ASPECTS
INDUSTRY
INVESTMENT
PETROLEUM INDUSTRY
PRICES
REACTOR SAFETY
RESOURCE DEPLETION
REVIEWS
SAFETY