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- W159115293 abstract "As a result of the impact of falling world oil prices, the worldwide oversupply of oil, the hostile raids and takeovers, and the retrenchment of the global petroleum industry, over a brief period of five years much of the US petroleum industry has slowly disintegrated. Exploration programs have been especially hard hit, and the losses incurred can be measured not only by balance-sheet assessments but by the decline in their national energy security and the devaluation of their greatest asset - the professionals who have been terminated or retired from their once world-premier manpower pool. In addition, major budgetary cutbacks in research and development programs have also necessitated reductions in people and projects. The deterioration that the petroleum industry has sustained in exploration programs and in other activities has had a ripple effect throughout all segments of the nation's industrial complex and its support structure. Their rising import levels, combined with their falling production, produce a devastating equation: Deterioration + Dependence = Disaster. Possible recommendations are made and solutions discusses to alleviate the conditions which exist in the industry." @default.
- W159115293 created "2016-06-24" @default.
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- W159115293 date "1987-05-01" @default.
- W159115293 modified "2023-09-24" @default.
- W159115293 title "Deterioration + dependence = disaster" @default.
- W159115293 hasPublicationYear "1987" @default.
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