OIL RUNNING OUT, HEADS BURIED IN THE SAND

Oil prices are difficult to predict, primarily because they are driven by politics rather than economics. However, as much as oil prices are discussed, the more important issue of long-term oil supply and the risks posed to developed and developing countries by fuel scarcity are largely ignored. A number of models predict that growing world demand for oil will meet declining supply somewhere between 2007 and 2019, dependent on the scale of undiscovered reserves and the volatility of demand. Ultimately, however, declining oil reserves will drive prices up until alternative energy sources are developed. This opinion piece discusses the impacts of dwindling oil supply, including costs and political aspects, on countries worldwide with an emphasis on developing countries where transition from oil to alternate energy sources will be the most difficult.

• Record URL:
  https://www.itdp.org/wp-content/uploads/2014/07/ST11-2000.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/31056686
• Corporate Authors:

  Institute for Transportation and Development Policy

  115 W 30th Street, Suite 1205
  New York, NY  United States  10001
• Authors:
  • Howe, J Gavin
• Publication Date: 2000

Language

• English

Media Info

• Pagination: v.p.
• Serial:
  • Sustainable Transport
  • Issue Number: 11
  • Publisher: Institute for Transportation and Development Policy
  • ISSN: 1536-2523
  • Serial URL: http://www.itdp.org/ST/index.html

Subject/Index Terms

• TRT Terms: Alternate fuels; Developing countries; Equipment; Petroleum fuels; Sustainable development; Transportation planning; Transportation policy
• Uncontrolled Terms: Oil reserves
• Subject Areas: Highways; Planning and Forecasting; Policy; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00800445
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 24 2000 12:00AM