Survey of energy and oil demand projections for Western Europe

by Harold Lubell

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A discussion of the past relationship between total energy consumption and gross national product in the countries of Western Europe. The memorandum also summarizes the several sets of base figures and projections for consumption of primary energy prepared by the European Coal and Steel Community in Luxembourg, the Organization for Economic Cooperation in Paris, and the Economic Commission for Europe in Geneva, all of which were made by relating growth in energy consumption to projections of gross national product. These energy projections are compared with a set prepared on a detailed product-by-product basis by the Standard Oil Company of California in San Francisco, and the oil consumption figures for Western Europe which emerge from the various energy projections are compared with the standard estimates for the non-Soviet world published annually by the Chase Manhattan Bank in New York.

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