Transcription of Chapter 8 PETROLEUM - ems.psu.edu
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Chapter 8 PETROLEUM - ems.psu.edu
Chapter 8. PETROLEUM . For the foreseeable future, oil will remain a critical fuel for the United States and all other industrialized nations. [In order to make the economy less dependent on oil,] the National Energy Strategy proposes initiatives to (1) reduce the economic consequences of disruptions in world oil markets, and (2) increase domestic oil and PETROLEUM product supplies. (National Energy Strategy, Executive Summary, 1991/1992). The growing level of oil consumption raises potential economic and national security concerns. In addition to emphasizing efficient use of oil products and enhancing fuel flexibility, national energy policy must address declining domestic production levels with minimum interference with market forces.
Chapter 8 PETROLEUM For the foreseeable future, oil will remain a critical fuel for the United States and all other industrialized nations. [In order to make the U.S. economy less dependent on oil,] the
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