Abstract
Despite the impression conveyed by the data on US energy — particularly oil — consumption and production over the last three years, and the increased concentration of excess capacity and reserves in the Persian Gulf countries, the prospects for the USA and other OECD oil-importing countries to satisfy their energy requirements in the short term are favourable. As a result of the projected energy efficiency gains in manufacturing and transportation, continued electrification of the economy — fueled increasingly by nuclear and solar energy, and mounting environmental problems over the use of fossil fuels, the longer term prospects regarding US energy security are even more encouraging.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
