OIL PRODUCTION POSSIBILITIES IN THE UNITED STATES

The recently completed Project Independence Blueprint report, compiled under the auspices of the Federal Energy Administration, considered methods of dealing with the nation's energy problems. The report was the product of a number of individual study teams from numerous federal agencies, one of which was the Oil Resource Task Force. The assignment of the Oil Resource Task Force was to estimate how much domestic petroleum might be produced from 1974 through 1988. Two assumptions were defined and used in the study; one was "business as usual" (continuation of 1972 federal policies minus price controls on oil) and the other "accelerated development" of oil and gas exploration and production. Under each assumption, production levels were ascertained for three oil prices -- $4.00, $7.00, and $11.00 a barrel. This paper describes the economic model used to derive these values and presents a summary of the findings. Comparisons of the estimates of possible oil production are made with projections by other sources. The results of sensitivity analyses of the variations to be expected are also presented.

  • Supplemental Notes:
    • 55th Annual Meeting, April 24-25, 1975.
  • Corporate Authors:

    Society of Military Engineers

    800 17th Street, NW
    Washington, DC  United States  20006
  • Authors:
    • McKelvey, V E
  • Publication Date: 1975-1

Media Info

  • Features: Figures;
  • Pagination: p. 23-25
  • Serial:
    • Military Engineer
    • Volume: 67
    • Issue Number: 435
    • Publisher: Society of Military Engineers

Subject/Index Terms

Filing Info

  • Accession Number: 00081211
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Feb 27 1975 12:00AM