Worldwide energy development: delayed opportunities

Journal Article · · Energy (Stamford, Conn.); (United States)

OSTI ID:7326728

Hull, C W; Snyder, C W

A review of political and economic aspects of worldwide energy demand and supply concludes that energy planning should incorporate both the identification of trends and provision for alternative energy sources. Factors that can be expected to affect world energy development are embargoes, the breakdown of the oil price cartel, divestiture of large oil companies, a nuclear moratorium, changes in national plans, and political, monetary, or economic upheavals. Summary tables of the review indicate worldwide decreases in oil consumption and current account balances. A lack of investment capital is delaying many energy and development projects and has led to increased government involvement and control. Capital requirements have increased significantly in response to inflation, delays, environmental controls, increased technological complexity, and the shift to less economic alternative sources. Major energy resource reserves are estimated for the major world regions: (1) Middle East and North Africa, (2) Sub-Saharan Africa, (3) Europe, (4) Asia-Pacific, (5) Latin America, (6) United States, and (7) Sino-Soviet area. Current and projected energy development is examined for each area. 22 references. (DCK)

• Research Organization: Bechtel Financing Services, Inc., San Francisco
• OSTI ID: 7326728
• Journal Information: Energy (Stamford, Conn.); (United States), Journal Name: Energy (Stamford, Conn.); (United States) Vol. 2:1; ISSN ENGYD
• 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
BEHAVIOR
ECONOMIC DEVELOPMENT
ECONOMICS
ENERGY DEMAND
ENERGY POLICY
ENERGY SUPPLIES
ENVIRONMENTAL EFFECTS
FINANCING
FORECASTING
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL ORGANIZATIONS
MARKET
OPEC
PETROLEUM INDUSTRY
PLANNING
REGULATIONS
SOCIO-ECONOMIC FACTORS
TRADE