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- W47766029 abstract "This chapter provides an overview of an imbalanced oil market. Any rise in the price of oil in real terms permits using more expensive production methods and increases the reserves. Experts feel that the likelihood of a significant upward swing in the curve for the gross increase in reserves is extremely remote. In particular, this would assume the discovery of a new Middle East or very large lode, something geologists do not believe possible, or a spectacular breakthrough in recovery techniques. Even with a vigorous, stringent energy policy, projected oil supply and demand are such that a shortage appears inevitable. It will come sooner or later depending on the economic growth rates of the consuming countries. Everything depends on the assumptions concerning the increase in oil reserves. The discovery of a new Middle East, or a few equivalent major fields, would perhaps postpone the day of reckoning by one or two decades." @default.
- W47766029 created "2016-06-24" @default.
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- W47766029 date "1979-01-01" @default.
- W47766029 modified "2023-09-24" @default.
- W47766029 title "Toward an Imbalanced Oil Market" @default.
- W47766029 doi "https://doi.org/10.1016/b978-0-08-024225-5.50015-8" @default.
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