IDEAS home Printed from https://ideas.repec.org/a/sae/enejou/v2y1981i4p63-84.html
   My bibliography  Save this article

Supplemental Sources of Natural Gas: An Economic Comparison

Author

Listed:
  • Alvin Kaufman
  • Susan J. Bodilly

Abstract

Over the past decade, the United States has become increasingly dependent on imported energy, and there has been an attendant impact on the balance of payments. For example, 43 percent of the oil used in the United States was imported in the first six months of 1979, compared with 35 percent in 1973. Of these 1979 imports, 67 percent was supplied by the OPEC countries, including 40 percent from Arab producers. During the six months preceding the 1973-74 embargo, Arab producers supplied only 15 percent of U.S. imported oil. At the same time, OPEC oil has increased in price, through the machinations of the cartel. The massive income transfer is indicated by the rise in the U.S. oil balance of payments bill, from $3.4 billion in the first six months of 1973 to $24.4 billion during the first six months of 1979.

Suggested Citation

  • Alvin Kaufman & Susan J. Bodilly, 1981. "Supplemental Sources of Natural Gas: An Economic Comparison," The Energy Journal, , vol. 2(4), pages 63-84, October.
    • Handle: RePEc:sae:enejou:v:2:y:1981:i:4:p:63-84
    DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No4-5
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5547/ISSN0195-6574-EJ-Vol2-No4-5
    Download Restriction: no
    File URL: https://libkey.io/10.5547/ISSN0195-6574-EJ-Vol2-No4-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:enejou:v:2:y:1981:i:4:p:63-84. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.