WORLD PETROLEUM RESOURCE ESTIMATES AND PRODUCTION FORECASTS: IMPLICATIONS FOR GOVERNMENT POLICY

Resource estimates alone will not give advance warning of encroaching production difficulties. An analysis of the general stages in the evolution of petroleum production and discovery and of industry statistics provides an estimate of when the stage characterised by increasing production in the market economy countries outside the United States and Canada will end. The analysis indicates that the year of maximum production will be in the 1990s. Economic growth aggravates the difficulties accompanying the production decline by advancing the date of peak production and by increasing the adjustments that must be made as oil production declines. Des prévisions de ressources à elles seules ne constituent pas des signes précurseurs de difficultés croissantes de production. Une analyse des étapes générales marquant l'evolution de la découverte et de la production du pétrole ainsi que des statistiques industrielles nous permet de prévoir l'époque à laquelle prendra fin la phase de production accrue dans les pays à économie de marché en dehors des Etats-Unis et du Canada. Cette analyse révèle que l'année de production maximale se situera dans les années 90. La croissance économique accentue les difficultés qui accompagnent le déclin de la production de pétrole en avancant la date à laquelle cell-ci atteindra son plafond et en augmentant le nombre d'ajustements qui s'avèrent nécessaires au fur et à mesure qu'elle baisse. Las evaluaciones de recursos no dan por si solas un aviso anticipado de las dificultades de producción. Un análisis de las etapas principales en la evolución del descubrimiento y producción de petróleo y de las estadísticas industriales provee un estimado de cuando va a terminar la etapa caracterizada por un crecimiento de producción en los paises de economias de mercado otros que Estados Unidos y Canada. El análisis indica que el año de producción máxima se hallará en la década del 90. El crecimiento económico agrava las dificultades debidas a la declinación de la producción al adelantar la fecha de máxima producción (pico) y al aumentar los ajustes que deven hacerse cuando la producción de petróleos disminuye.     

An examination of health data following two major earthquakes in Russia

Thus the hazards to health observed from these two earthquakes can be summarised as follows: (a) massive immediate damage, the main victims being women and children; (b) the seriously injured suffer mainly from fractures (17%), head injuries (15-30%) and soft tissue conusions with haemhorrage; (c) a change in the physical features of a country which unfavourably affect the environment; (d) some time after the earthquake the appearance of communicable disease; (e) increases in cases of cardiovascular disease neuroses and psychoses.     

International competitive displacement from environmental control The quantitative gains from methodological refinement

This paper demonstrates empirically the gain from adopting more general equilibrium approaches in projecting the effects on domestic output and international trade of environmental controls. The suggested models include a partial equilibrium case where all industries are treated independently, an intermediate case incorporating effects in supplying industries, and general equilibrium formulations based on alternative macroeconomic conditions. U. S. data is used to evaluate these models. Under both pollutor pays and subsidy financing schemes, moving from the simplest case to the intermediate model results in quite different industry projections. Including macroeconomic factors appears particularly important in the classical setting.     

FRONTIER AREAS, RESOURCES, AND DEVELOPING NATIONS: THE CASE OF GUATEMALA

The conscientious and planned integration of frontier areas into the national economy can at least partially alleviate both environmental and economic problems that are common to many developing countries. Full development of the agricultural potential of frontier areas can lessen the environmental deterioration often found in traditionally settled regions. Exploitation of mineral resources, in particular energy resources, can lessen economic burdens associated with increased costs of imported energy. The authors examine how recent international developments have spurred the government of Guatemala to undertake measures designed to develop a previously underutilized region. The short term negative consequences of increased costs for imported grains and petroleum may well have a positive result in the long term insofar as they lead to more balanced and rational use of land and resources.