Oil substitution : World outlook to 2020. World outlook to Conservation Commission: Report by the oil substitution Task Force

There are limits to world oil reserves exploitable at acceptable costs. Despite the present glut and the fall in world prices, it will become increasingly necessary to replace oil by other fuels in many consuming sectors over the coming decades. The author of Oil Substitution: World Outlook to 2020, the Oil Substitution Task Force, had the

following objectives:

1. To identify and assess the technology, economic and other factors affecting the substitution of oil by other energy sources. II. To quantify the "most likely" amount of substitution which will take place in developing countries, developed countries and centrally planned countries by making specific assumptions of price and availability of crude oil and time period. iii. To study the sensitivity of oil substitution to

changes in price and availability of crude oil.

This book evaluates the scope for oil substitution in the principal consuming sectors of the energy economy. It analyses the technical, economic, institutional, infrastructural and environmental factors which will influence the likely rate of development of this process in different sectors. It does so taking account of developed and developing rations and those having a centrally planned economy.