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The outlook for oil

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  • Pierre Desprairies

Abstract

Between now and 2000, the demand for oil is expected to be moderate and the supply abundant. Economic growth is almost twice as slow as in 1973 and requires 25–30% less energy per unit of GNP. The demand for oil is therefore growing at a rate of two to three times slower. Meeting the demand for oil between now and 2000 is within the capability of the oil‐producing countries, in many cases with modest additional investment. Gas and coal will be very cost competitive in relation to oil and will serve as a break on future explosive price increases.

Suggested Citation

  • Pierre Desprairies, 1990. "The outlook for oil," Natural Resources Forum, Blackwell Publishing, vol. 14(3), pages 222-226, August.
    • Handle: RePEc:wly:natres:v:14:y:1990:i:3:p:222-226
    DOI: 10.1111/j.1477-8947.1990.tb00520.x
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