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Chapter 8 PETROLEUM

Chapter 8 PETROLEUMFor the foreseeable future, oil will remain a critical fuel for the United States and all otherindustrialized nations. [In order to make the economy less dependent on oil,] theNational Energy Strategy proposes initiatives to (1) reduce the economic consequences ofdisruptions in world oil markets, and (2) increase domestic oil and PETROLEUM productsupplies.(National Energy Strategy, Executive Summary, 1991/1992)The growing level of oil consumption raises potential economic and national securityconcerns. In addition to emphasizing efficient use of oil products and enhancing fuelflexibility, national energy policy must address declining domestic production levels withminimum interference with market forces.

disruptions in world oil markets, and (2) increase domestic oil and petroleum product supplies. (National Energy Strategy, Executive Summary, 1991/1992) ... indeed have a characteristic aroma, but they typically have a negative environmental impact. ... the same chemical transformations that occur in a short time at high

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