Any discussion about the future pattern of energy use invariably includes scernarios involving a switch-over to that source of energy which is available in abundant supply. It is taken for granted, for example, that coal will play a major role in the future and that the relative share of oil will decline with the passage of time. It is too simplistic to assume that a time series analysis will give the likely clues as to the pattern of switch-over from one source of energy to another. There has been a radical change in the structure of exchange relations between the energy consumers and producers which- makes it impossible to use the past consumption data alone for the purpose of forecasting.
Rao, Vaman, "Energy Substitution Prospects" (1978). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 383, pp. 308-310.
5th Annual UMR-DNR Conference on Energy (1978: Oct. 10-12, Rolla, MO)
Article - Conference proceedings
Economics of Energy II
© 1978 University of Missouri--Rolla, All rights reserved.
12 Oct 1978