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Keywords: real gnpClose
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the Symposium on Energy, Finance, and Taxation Policies, April 14–15, 1986
Paper Number: SPE-14637-MS
.... Because of the quantum jump in energy prices during the 1973-74 and 1979-80 periods, certain irreversible forces have been set in motion that have changed the structural demand for energy. These forces have resulted in a decline in energy demand per real GNP in the major industrialized nations...
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