European Energy Prospects

G.F. Ray

National Institute Economic Review, 1976, vol. 78, 40-47

Abstract: The 1975 reduction of energy consumption was chiefly due to the recession; plans and forecasts for 1975-80 indicate a return towards pre-1973 energy usage and the upward trend becomes moderated only in 1980-85. Europe's relative dependence on imported oil is likely to decline, due to increased production of North Sea oil and of nuclear electricity, as well as to the better utilization of other indigenous sources, though there are some uncertainties about these. Beyond 1985, however, new energy sources are likely to be needed; in order to secure them in time, R & D effort ought to be strengthened now, and on a cooperative international basis.

Date: 1976
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