Oil Demand in the Industrialized Countries*

Joyce Dargay and Dermot Gately

The Energy Journal, 1994, vol. 15, issue 1_suppl, 39-67

Abstract: This paper surveys OECD energy and oil demand over the past three decades, analyzing the different paths of transportation oil, non-transportation oil, and non-oil energy—both over time, and relative to income growth. We review both the OECD as a whole, and make regional comparisons within the OECD. We focus especially on the price-irreversibility of oil demand: why oil demand has not surged now that oil prices have returned to pre-1974 levels.

Keywords: Oil demand; OECD; OPEC; 1980s; 1970s; price increases (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:15:y:1994:i:1_suppl:p:39-67

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-NoSI-4

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