International energy perspective

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:7191569

Kauffmann, H C

Mr. Kauffmann makes these points at the outset: (1) oil will continue to be the dominant source of energy supply well into the future; (2) new energy forms will supplement it, but none can be expected to replace it in this century; and (3) the world will consume almost twice as much oil between 1976 and 1990 as is consumed in the last 15 years. He feels that, unless massive efforts are put in action to develop new sources of energy, political strain and economic disruption will grow. The petroleum industry seems ready to take on the task, if only governments will let it get moving. The stumbling block to developing new energy resources is viewed as being the confused, contradictory, and in some instances, nonexistent energy policies of governments. Some of the current deterrents include tax and price control policies that make no allowance for replacement cost of energy resources. Mr. Kauffmann believes that the U.S. government's controls on domestic oil prices actually encourage energy consumption, discourage the development of new supplies, and effectively screen the economy from the reality of replacement costs. He says the exporting countries are gladly accepting payments for their products, but even they are aware that importing countries need to cut consumption and find alternative sources. (MCW )

• OSTI ID: 7191569
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 1:2; ISSN JENDD
• Country of Publication: United States
• Language: English

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AGREEMENTS
CHARGES
ECONOMIC POLICY
ENERGY CONSUMPTION
ENERGY POLICY
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL AGREEMENTS
INTERNATIONAL ORGANIZATIONS
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OPEC
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PETROLEUM INDUSTRY