World petroleum supplies

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Abstract

A number of conclusions by political conservatives about the fate of world petroleum supplies have been emerging lately. Among the most recent of them arose from discussions, held at the 1983 spring meeting of the American Association for the Advancement of Science (AAAS), which focused on the environment and resource study entitled “The Global 2000 Report” (New Scientist, June 9, 1983). Fred Singer, representing the Heritage Foundation of Washington, D.C., criticized the report, which predicted shortages in the near future, saying that the current world-wide oil glut will continue beyond the year 2000. Alternatives to the use of petroleum are a part of the cause. Singer argued that conservation, nuclear energy, and other petroleum substitutes will continue to suppress the demand for petroleum. In addition, according to other evaluations, exploration for petroleum and natural gas has not really begun.

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