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- W91845647 abstract "Near future hydrocarbons scarcity is an unjustified perception. Unfortunately scarcity-based energy policies impacted adversely on the global economy. A realistic approach to the energy component in global development requires reappraisal of both demand and supply. The 1945-1973 annual energy use growth rate was a temporary aberration. A reversal to the global 2.2% p.a. increase in energy demand from 1860-1945 has already occurred and is now the the most likely prospect for long term demand development. On the supply side hydrocarbons remain the preferred energy sources. Reserves additions each year far exceed use. This is important for both industrial and non-OPEC developing countries seeking to increase oil and gas production. This, though difficult to initiate is, once started, a self perpetuating process and is not generally susceptible to international oil price changes. Thus hydrocarbons will continue to supply over 60% of total energy use. Oil prices will remain under downward pressure and gas prices will decline as gas increasingly competes with coal so reducing regional and global pollution problems. Higher cost alternative energies will remain relatively unimportant in total energy supply for at least the next 20 years." @default.
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- W91845647 date "1990-01-01" @default.
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- W91845647 title "CONTINUING LONG-TERM HYDROCARBONS' DOMINANCE OF WORLD ENERGY MARKETS: AN ECONOMIC AND SOCIETAL NECESSITY" @default.
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- W91845647 doi "https://doi.org/10.1016/b978-0-08-037539-7.50010-7" @default.
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