Origins of the Energy Crisis

M. Panić
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M. Panić: Selwyn College

Chapter 11 in National Management of the International Economy, 1988, pp 197-213 from Palgrave Macmillan

Abstract: Abstract The most important aspect of the energy crisis is that it has never had anything to do with an actual shortage of energy. The known reserves of oil and other fuels are still substantial. The problem is that most of them can be extracted only at costs which are considerably higher than those prevailing in the 1950s and 1960s.

Keywords: Industrial Country; World Economy; Energy Price; Energy Crisis; Spot Market (search for similar items in EconPapers)
Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07129-6_11

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DOI: 10.1007/978-1-349-07129-6_11

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