Impending United States Energy Crisis

@article{Hirsch1987ImpendingUS,
  title={Impending United States Energy Crisis},
  author={R. Hirsch},
  journal={Science},
  year={1987},
  volume={235},
  pages={1467 - 1473}
}
  • R. Hirsch
  • Published 1987
  • Economics, Medicine
  • Science
The U.S. oil and gas industry has been dramatically weakened by the recent oil price collapse. Domestic drilling activity reached a new post-World War II low during the summer of 1986. Given a weak, unstable oil price outlook, U.S. capability will continue to deteriorate. In the last year U.S. imports of foreign oil have risen significantly, and if market forces alone dominate, U.S. dependence is expected to rise from 32% in 1983 to the 50 to 70% level in the not-too-distant future. The 1973… Expand
24 Citations

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