World petroleum resource estimates and production forecasts: Implications for government policy
September 3, 1980
Resource estimates alone will not give advance warning of encroaching production difficulties. An analysis of the general stages in the evolution of petroleum production and discovery and of industry statistics provides an estimate of when the stage characterised by increasing production in the market economy countries outside the United States and Canada will end. The analysis indicates that the year of maximum production will be in the 1990s. Economic growth aggravates the difficulties accompanying the production decline by advancing the date of peak production and by increasing the adjustments that must be made as oil production declines.
Citation Information
Publication Year | 1980 |
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Title | World petroleum resource estimates and production forecasts: Implications for government policy |
DOI | 10.1111/j.1477-8947.1980.tb00975.x |
Authors | David H. Root, Emil D. Attanasi |
Publication Type | Article |
Publication Subtype | Journal Article |
Series Title | Natural Resources Forum |
Index ID | 70199537 |
Record Source | USGS Publications Warehouse |
USGS Organization | Eastern Energy Resources Science Center |