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Publication Laka-library:
World Energy Outlook (1993)

Author	IEA, OECD
Date	1993
Classification	6.01.0.20/67 (IMPORTANCE WORLDWIDE)
Front

FOREWORD

World energy markets are ever changing. But, as we have seen, the pace of such 
change in energy markets can seem slow when compared to the pace of political 
change. Yet, change is there, not just in the established energy markets of the 
OECD countries, but elsewhere in the world too.
It is only just over two years since the end of the Gulf crisis. The world had 
weathered a dangerous situation and the outlook for continued growth and secure 
energy seemed excellent. Almost all of the OECD countries, however, have since 
endured recession, and the world -in both a political and an economic sense-no 
longer seems as certain and secure as it did then. Oil prices are still low, but the 
uncertainty surrounding supply from some parts of the world is great; gas demand 
is growing but here too there are concerns about supply in some areas.
In this context, the appearance of the IEA's new World Energy Outlook is timely, 
for it looks at the likely development of world energy markets between the present 
day and 2010. It examines the effect upon world energy demand of slower economic 
growth experienced in the mature OECD economies, of faster economic growth in 
the emerging economies and of change in the former communist areas.
The shift in the relative importance of energy demand from the OECD to the rest 
of the world is just one issue among many that governments, corporate planners 
and commentators will find timely and important in this outlook. They will also be 
interested in the analysis of the sensitivity of demand to lower oil prices, different 
economic growth rates and environmental taxation. One implication to be drawn 
from this study is that the rising importance of non-OECD countries means that 
no solution to the world's energy or environment problems can be achieved 
satisfactorily without their participation.

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