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Oil and the world energy crisis

Journal Article:

Abstract

Almost half of the needs for primary in the world are covered by oil. The rapid growth in oil prices because of the 1973 oil crisis caused a growth in prices for other source of energy as well, primarily coal and natural gas. The sale price of 1 m/sup 3/ of oil in 1973 equalled--$18.87, and later $31.45. In recent years, the cost of 1 m/sup 3/ of oil reached $188.69, and by the end of the century, according to forecasts, should reach $628.98. The cost of extracting 1 m/sup 3/ of oil in the Near East equals $1.57, and in the North Sea $44.03-75.48. The cost of producing 1 m/sup 3/ of synthetic oil from bitumenous sands equals $94.35-157.25, and from fuel shales $94.35-122.14. The explored oil reserves at the end of 1979 were, in million T: in the OPEC countries 58, 265, including 22, 261 in Saudi Arabia, and 25, 539 in the rest of the world. Oil extraction in 1979 was, in million T: in the OPEC countries 1574 (100%), including 510 (32.4%) in Saudi Arabia, 175 ((11.1%) in Iraq, 145 (9.2%) in Iran, 130 (8.2%) in Kuwait, 125 (7.9%) in Venezuela, 114 (7.2%) in Nigeria, 101  More>>
Authors:
Publication Date:
Jan 01, 1981
Product Type:
Journal Article
Reference Number:
EDB-83-014148
Resource Relation:
Journal Name: Tekstil; (Yugoslavia); Journal Volume: 7
Subject:
02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY SHORTAGES; FORECASTING; PETROLEUM; COST; GLOBAL ASPECTS; MIDDLE EAST; OPEC; PRICES; SUPPLY AND DEMAND; ENERGY SOURCES; FOSSIL FUELS; FUELS; INTERNATIONAL ORGANIZATIONS; OIL-EXPORTING COUNTRIES; SHORTAGES; 020700* - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum
OSTI ID:
6665130
Country of Origin:
Yugoslavia
Language:
Serbo-Croatian
Other Identifying Numbers:
Journal ID: CODEN: TEKTA
Submitting Site:
HEDB
Size:
Pages: 417-418
Announcement Date:

Journal Article:

Citation Formats

Not Available. Oil and the world energy crisis. Yugoslavia: N. p., 1981. Web.
Not Available. Oil and the world energy crisis. Yugoslavia.
Not Available. 1981. "Oil and the world energy crisis." Yugoslavia.
@misc{etde_6665130,
title = {Oil and the world energy crisis}
author = {Not Available}
abstractNote = {Almost half of the needs for primary in the world are covered by oil. The rapid growth in oil prices because of the 1973 oil crisis caused a growth in prices for other source of energy as well, primarily coal and natural gas. The sale price of 1 m/sup 3/ of oil in 1973 equalled--$18.87, and later $31.45. In recent years, the cost of 1 m/sup 3/ of oil reached $188.69, and by the end of the century, according to forecasts, should reach $628.98. The cost of extracting 1 m/sup 3/ of oil in the Near East equals $1.57, and in the North Sea $44.03-75.48. The cost of producing 1 m/sup 3/ of synthetic oil from bitumenous sands equals $94.35-157.25, and from fuel shales $94.35-122.14. The explored oil reserves at the end of 1979 were, in million T: in the OPEC countries 58, 265, including 22, 261 in Saudi Arabia, and 25, 539 in the rest of the world. Oil extraction in 1979 was, in million T: in the OPEC countries 1574 (100%), including 510 (32.4%) in Saudi Arabia, 175 ((11.1%) in Iraq, 145 (9.2%) in Iran, 130 (8.2%) in Kuwait, 125 (7.9%) in Venezuela, 114 (7.2%) in Nigeria, 101 (6.4%) in Libya, 88 (5.6%) in the United Arab Emirates, other OPEC countries 186 (11.8%), in the other countries of the world 1550 (100%), including the United States 479 (30.9%), 108 (7.0%) in The Chinese People's Republic, 86 (5.5%) in Canada, 80 (5.2%) in Mexico, 79 (5.1%) in Great Britain, 28 (1.8%) in Arab Republic of Egypt, 18 (1.2%) in Norway, and 86 (5.5%) in other countries.}
journal = {Tekstil; (Yugoslavia)}
volume = {7}
journal type = {AC}
place = {Yugoslavia}
year = {1981}
month = {Jan}
}