TITLE

ENERGY: AN EMERGENCY TELESCOPED

AUTHOR(S)
Stobaugh, Robert; Yergin, Daniel
PUB. DATE
December 1979
SOURCE
Foreign Affairs;1979 Special Issue, Vol. 58 Issue 3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the energy crisis that occurred in 1979. In absolute terms the new price increases are greater than those that accompanied the first oil shock in 1973-74, they pose even more serious challenges to the energy and economic policies of all the industrialized nations, but especially to the U.S. Strains among these nations focused increasingly on the U.S., and the record during the year was not one of good coordination or management. The international energy system seemed to be slipping out of any rational control. The U.S. overdependence on imported oil poses not only a host of old problems in graver form but at least one new one, the problem of "hostile oil" potentially decisive proportions of Middle East oil under the actual or prospective control of governments that are politically antagonistic to the U.S. Specifically, many OPEC members were asking whether rapid economic development programs would damage their long-term economic and social prospects. Some estimates indicated that up to half of the $400 billion spent by OPEC countries between 1974 and 1978 had been wasted.
ACCESSION #
4852639

 

Related Articles

  • Energy prices hit new highs.  // Utility Week;11/16/2007, Vol. 28 Issue 6, p25 

    The article reports that the energy prices worldwide got higher. According to the author, despite a couple of stumbles, there has been no let-up in the oil rush that has ratcheted global energy prices higher. Coal prices have also continued to break records, with 2008 coal vaulting above...

  • INSTITUTIONS AND ENERGY POLICY.  // Global Energy Market Research: Chad;2010, p3 

    The article offers information on the energy policy and energy-regulating government agencies of Chad. It says that the Ministry of Mines and Energy covers the coordination of the energy policy while the Ministry of Trade and Industry controls the oil product prices and electricity tariffs. It...

  • Ahead of the curve.  // National Petroleum News;Apr2004, Vol. 96 Issue 4, p14 

    Comments on a proposed energy policy in the U.S. focused on reducing petroleum consumption and increasing the use of renewable energy resources as a means to enhance energy security and protect the environment. Availability of affordable gasoline; Relationship between the convenience store...

  • Beyond the Gulf Crisis: An Energy Strategy for the '90s. Flavin, Christopher // Challenge (05775132);Nov/Dec90, Vol. 33 Issue 6, p4 

    The article stresses that a strong national energy policy focusing on greater rule efficiency would alone reduce the U.S. oil dependence on Gulf countries. According to the author, the U.S. bears considerable responsibility for the deterioration in the world oil picture. Throughout the 80's,...

  • OIL MARKET OUTLOOK.  // Middle East Monitor: The Gulf;May2004, Vol. 14 Issue 5, p1 

    Although falling oil demand as a result of the end of the northern hemisphere winter will result in some stock build in Q2, OPEC's decision to implement the agreed 1mn b/d cut from April 2004 should keep reserves tight and minimise the downward impact on prices. Furthermore, as demand is set to...

  • OIL MARKET OUTLOOK.  // West & Central Africa Monitor;May2004, Vol. 5 Issue 5, p1 

    Although falling oil demand as a result of the end of the northern hemisphere winter will result in some stock build in Q2, OPEC's decision to implement the agreed 1mn b/d cut from April 2004 should keep reserves tight and minimise the downward impact on prices. Furthermore, as demand is set to...

  • OPEC pushes oil funds up. Charski, Mindy // U.S. News & World Report;04/26/99, Vol. 126 Issue 16, p78 

    Reports on the petroleum industry and oil prices. The rise in crude oil prices since January 1999; Effect on natural-resource mutual funds; Decision of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil producers to reduce the output of oil; Impact of industry...

  • The looming energy crisis. Khan, Tariq Iqbal // Economic Review (05318955);Apr2008, Vol. 39 Issue 4, p12 

    The article reports on the energy crisis of Pakistan. The price of oil start increasing in the international market since 2004 onwards. This could be attributed to a decline in exploration activity after the economic slowdown of the middle 1990s. Its domestic energy generation sources are...

  • Alaskan North Slope Oil: Limited Effects of Lifting Export Ban on Oil and Shipping Industries and Consumers: RCED-99-191.  // GAO Reports;7/1/1999, p1 

    The law requires GAO to review energy production in Alaska and California and the effects of lifting the ban on exporting Alaskan North Slope oil. This report provides information on (1) Alaskan North Slope and California crude oil prices and production and (2) refiners, consumers, and the oil...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics