copyright 2000 addison-wesley longman part 3 the question of global resource limitations

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Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

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Page 1: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

PART 3

THE QUESTION OF GLOBAL RESOURCE

LIMITATIONS

Page 2: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

CHAPTER 9

WORLD OIL: A STRATEGIC LIMITED RESOURCE?

Page 3: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

FIGURE 9.1 Crude Oil Prices 1950-1998, Deflated Prices, 1998 dollars

Page 4: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

FIGURE 9.2 Retail Gas Prices, Including Tax, 1920-1998, 1995 dollars

Page 5: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

Page 6: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

Page 7: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

Page 8: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

FIGURE 9.3 World Oil Market if Demand Shifts and Costs Increase

Page 9: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

FIGURE 9.4 World Petroleum Market Projections: Growing Population, Income, Cost, Competitive Market

Page 10: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

FIGURE 9.5 World Oil Use, Competitive and Monopolistic Markets

Page 11: Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

Copyright 2000 Addison-Wesley Longman

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Copyright 2000 Addison-Wesley Longman

FIGURE 9.6 Expectations and Market Equilibria