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| Tekijä: | Newport, J. |
| Otsikko: | Getting ready for the coming oil crisis. |
| Lehti: | Fortune
1987 : MAR 16, VOL. 115:6, p. 36-45 |
| Asiasana: | OIL INDUSTRY OIL PRICES OPEC |
| Kieli: | eng |
| Tiivistelmä: | The implications of the oil price fluctuations on the U.S. petroleum industry. How high OPEC prices led to a market collapse. Benefits of cheap oil to the U.S. economy. Impact of the Arab embargo. OPEC export quotas. The reduction in American well drilling and lower profits. Natural gas as a scarce and declining resource. Discussion of a tariff on imports of foreign crude oil. Need for more oil and gas exploration in the U.S. and the building up of a strategic petroleum reserve. Suggestion that windfall profits tax should be repealed, the depletion allowance should be restored and conservation encouraged. Graphs are given, including future world oil production. |
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