This paper surveys OECD energy and oil demand over the past three decades, analyzing the different paths of transportation oil, non-transportation oil, and non-oil energy-both over time, and relative to income growth. We review both the OECD as a whole, and make regional comparisons within the OECD. We focus especially on the price-irreversibility of oil demand: why oil demand has not surged now that oil prices have returned to pre-1974 levels.
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Article provided by International Association for Energy Economics in its journal The Energy Journal.
Volume (Year): 15 (1994) Issue (Month): Special Issue () Pages: 39-68 Download reference. The following formats are available: HTML
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