These remarks provide a helpful understanding of the world's energy supply and demand changes that have taken place since the 1960's shifted rapidly in the early 1970s. The changing international situation has increasingly revealed the poor perception people in the industry have had of the world oil market. Following comments on the complications involved in shifting to alternative energy sources, we are told that "what it really looks like when you assess all these obstacles is that the industrial countries are not likely to reduce their dependence on Middle Eastern oil through the mid-1980s and beyond--maybe through 1990." As far as estimating the long-range price of oil, we are told that no one knows nor can anyone reasonably speculate what that value is going to be.

  • Record URL:
  • Availability:
  • Supplemental Notes:
    • This paper appeared in Transportation Research Special Report 191, Considerations in Transportation Energy Contingency Planning Proceedings of The National Energy Users' Conference. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
  • Corporate Authors:

    Transportation Research Board

    500 Fifth Street, NW
    Washington, DC  United States  20001
  • Authors:
    • Franssen, Herman T
  • Conference:
  • Publication Date: 1980

Media Info

  • Media Type: Digital/other
  • Pagination: pp 3-4
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00330088
  • Record Type: Publication
  • Files: TRIS, TRB, ATRI
  • Created Date: Oct 28 1981 12:00AM