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Future scenarios of the Venezuelan oil industry PDVSA within a 2010-2040 horizon

Author

Listed:
  • Gladys Cáceres

    (Dra. en Socioeconomía del Desarrollo. Facultad de Ciencias Económicas y Sociales de la Universidad de Los Andes. Mérida, Venezuela. Teléfono: (58)4166251212.)

  • Francisco García

    (Dr. en Ingeniería Industrial. Facultad de Ciencias Económicas y Sociales de la Universidad de Los Andes. Mérida, Venezuela. Teléfono: (58)416674471.)

Abstract

Venezuela needs to examine the future trends of the hydrocarbon market, in order to visualize the changes in the technological configuration, the security and energy efficiency policies and its role in The Organization of the Petroleum Exporting Countries (OPEC). A prospective view of the 21st century PDVSA is examined, within a 2010-2040 horizon. The prospective method was used as a tool to identify and describe future scenarios. One of the future effects is the role of renewable energies, the economic growth derived from technological advances in unconventional gas and oil, and the alliances between OPEC and non-OPEC countries. Three scenarios were obtained: economic growth and development; energy efficiency and environment; geopolitics, and energy security and transition.

Suggested Citation

  • Gladys Cáceres & Francisco García, 2019. "Future scenarios of the Venezuelan oil industry PDVSA within a 2010-2040 horizon," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 44(48), pages 143-171, july-dece.
    • Handle: RePEc:ula:econom:v:44:y:2019:i:48:p:143-171
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    More about this item

    Keywords

    oil; prospective; energy efficiency; geopolitics;
    All these keywords.

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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