The outlook for US oil dependence
Description:
Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The U.S. economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the U.S. econo…
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Date:
May 11, 1995
Creator:
Greene, D. L.; Jones, D. W. & Leiby, P. N.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department