The Demand for Oil and Energy in Developing Countries

by Charles Wolf, Jr., Daniel A. Relles, Jaime Navarro


Download eBook for Free

FormatFile SizeNotes
PDF file 3.1 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.


Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback63 pages $23.00 $18.40 20% Web Discount

How much of the world's oil and energy supply will the non-OPEC less-developed countries (NOLDCs) demand in the next decade? How will their economic growth affect world demand? To answer these questions, the authors have tried to develop some reasonable forecasts of NOLDC energy demands in the next ten years. Although the focus is mainly on demand for oil, some attention is given to the total commercial energy requirements of these countries. The data used in fitting the models cover 77 NOLDCs, which, in 1976, accounted for 79 percent of total oil consumption by all 124 NOLDCs. The uncertainties associated with the forecasts are spelled out, as are the income and price elasticities on which the forecasts are based. Finally, the authors consider the forecasts in terms of their implications for U.S. energy policies concerning the NOLDCs and suggest areas of future research on NOLDC energy issues.

This report is part of the RAND Corporation Report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.