Papers
Oil prices: 1985 and 1990
Author(s)Thomas Saaty
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Luis Vargas
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Publication date: Jan, 1982
Journal: The Logic of Priorities- Pages: 195-206
Publisher: Springer, Dordrecht.
Abstract: Today oil is the world’s major energy resource. It accounts for about 54 percent of the world’s total energy consumption. Because of conservation and the development of alternative resources in industrialized countries, the share of oil in the world’s total energy consumption is expected to decline. But the total volume of oil consumption will still rise, and it will remain the largest single source of energy for the next two decades.
Keywords: Social strain, Persian gulf region, Soviet influence, World energy market