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The world energy situation
Author(s) -
Desprairies Pierre
Publication year - 1989
Publication title -
natural resources forum
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.646
H-Index - 49
eISSN - 1477-8947
pISSN - 0165-0203
DOI - 10.1111/j.1477-8947.1989.tb00848.x
Subject(s) - coal , natural gas , natural resource economics , petrochemical , fossil fuel , petroleum , business , oil and natural gas , consumption (sociology) , crude oil , agricultural economics , environmental science , environmental protection , economics , waste management , petroleum engineering , engineering , environmental engineering , chemistry , social science , organic chemistry , sociology
The oil crisis has ended on a worldwide scale. Risks of excessive price rises have disappeared. Between now and the year 2000, oil resources costing less than $15/bbl (1988 dollars) will be abundant. Twenty to 25% of the oil consumed in 2000 for thermal uses will be replaced by less costly natural gas and coal. Consumption of these last two energy sources will increase if the cost of oil rises above $20/bbl (1988 dollars). The cost of oil will rise sharply when it becomes reserved for the uses for which it is irreplaceable, ie transport, petrochemicals, the Third World and non‐energy uses — probably after 2010.