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Present energy status

Journal Article:

Abstract

This paper reviews the past and present situation of the World Oil Market and assumes future trends and possible future evolution. Low oil prices between 1950 and 1973 have contributed to an exceptional growth of oil demand during more than 20 years which was more and more supplied by OPEC. The oil shocks of 1973 and 1979 have dramatically changed this situation. Some of the most important changes have been the emergence of non-OPEC new oil producers, the growth of substitute energies, especially natural gas and nuclear power, on the supply side; and substantial decrease of energy consumption in many industrialized countries which has greatly reduced oil demand to OPEC on the demand side. Today this situation seems somewhat stabilized (after the reversal of world oil prices in 1986) and OPEC is producing around 18 million b/day as against a producing capacity of about 30 million b/day. It is generally considered that in coming years oil prices will remain relatively low (or occasionally even become lower than today) due to excess oil production capacity and relative abundance of other types of energy. However, many experts think that these trends can be reversed when oil supply will more and more concentrate  More>>
Authors:
Publication Date:
Apr 01, 1988
Product Type:
Journal Article
Reference Number:
FRC-88-002772; EDB-88-168702
Resource Relation:
Journal Name: Rev. Energ.; (France); Journal Volume: 39:401
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; 02 PETROLEUM; ENERGY POLICY; GLOBAL ASPECTS; FORECASTING; MARKET; PETROLEUM; ENERGY SOURCES; FOSSIL FUELS; FUELS; GOVERNMENT POLICIES; 293000* - Energy Planning & Policy- Policy, Legislation, & Regulation; 020700 - Petroleum- Economics, Industrial, & Business Aspects
OSTI ID:
6806249
Research Organizations:
Institut Francais du Petrole (IFP), 92 - Rueil-Malmaison
Country of Origin:
France
Language:
French
Other Identifying Numbers:
Journal ID: CODEN: REEND
Submitting Site:
FR
Size:
Pages: 217-220
Announcement Date:

Journal Article:

Citation Formats

Desprairies, P. Present energy status. France: N. p., 1988. Web.
Desprairies, P. Present energy status. France.
Desprairies, P. 1988. "Present energy status." France.
@misc{etde_6806249,
title = {Present energy status}
author = {Desprairies, P}
abstractNote = {This paper reviews the past and present situation of the World Oil Market and assumes future trends and possible future evolution. Low oil prices between 1950 and 1973 have contributed to an exceptional growth of oil demand during more than 20 years which was more and more supplied by OPEC. The oil shocks of 1973 and 1979 have dramatically changed this situation. Some of the most important changes have been the emergence of non-OPEC new oil producers, the growth of substitute energies, especially natural gas and nuclear power, on the supply side; and substantial decrease of energy consumption in many industrialized countries which has greatly reduced oil demand to OPEC on the demand side. Today this situation seems somewhat stabilized (after the reversal of world oil prices in 1986) and OPEC is producing around 18 million b/day as against a producing capacity of about 30 million b/day. It is generally considered that in coming years oil prices will remain relatively low (or occasionally even become lower than today) due to excess oil production capacity and relative abundance of other types of energy. However, many experts think that these trends can be reversed when oil supply will more and more concentrate again in the Middle East; but it is hard to say if this will begin in 1995, 2000, 2010.}
journal = {Rev. Energ.; (France)}
volume = {39:401}
journal type = {AC}
place = {France}
year = {1988}
month = {Apr}
}