Divestiture and international oil

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

OSTI ID:7331059

Lindenmuth, W E

The U. S., in order to meet its commitments for exploration and marketing of petroleum, must have an efficient, flexible, integrated system to balance the international oil market. Petroleum products for commerce, agriculture, and industry are a world commodity and require an orderly market that can handle long-term commitments. Divestiture, on the other hand, could precipitate both international and domestic disasters, according to Mr. Lindenmuth. Public outcries against large oil companies have occurred at the same time foreign consumers have seen the companies as a stabilizing force in their long-term development programs. Legislative efforts for divestiture assume the oil companies can reduce oil import prices, when the effect might be to create international tension if the market becomes volatile. Divestiture could make capital formation difficult if companies are divested of the assets needed to assure development and market resources. Mr. Lindenmuth feels that, with alternate energy sources unsolved, it is essential to keep the petroleum industry viable. (DCK)

• Research Organization: Mobil Oil Corp.
• OSTI ID: 7331059
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 2:1; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
AGREEMENTS
CAPITAL
CHARGES
DEVELOPING COUNTRIES
ECONOMIC POLICY
ENERGY SOURCES
FINANCIAL INCENTIVES
FOREIGN POLICY
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL AGREEMENTS
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
INVESTMENT
LEGISLATION
MANAGEMENT
MARKET
OPEC
PETROLEUM
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
PUBLIC RELATIONS
TRADE