World petroleum resource estimates and production forecasts: Implications for government policy

Natural Resources Forum
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Abstract

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.

Additional publication details

Publication type Article
Publication Subtype Journal Article
Title World petroleum resource estimates and production forecasts: Implications for government policy
Series title Natural Resources Forum
DOI 10.1111/j.1477-8947.1980.tb00975.x
Volume 4
Issue 2
Year Published 1980
Language English
Contributing office(s) Eastern Energy Resources Science Center
Description 16 p.
First page 181
Last page 196