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Principles of Sustainable Energy Systems, Second Edition, 2nd Edition
book

Principles of Sustainable Energy Systems, Second Edition, 2nd Edition

by Frank Kreith, Susan Krumdieck
August 2013
Intermediate to advanced content levelIntermediate to advanced
790 pages
30h 5m
English
CRC Press
Content preview from Principles of Sustainable Energy Systems, Second Edition, 2nd Edition
729Transition Engineering
© 2008 Taylor & Francis Group, LLC
13.2 We have a historical example of the kind of problem that the supply–demand gap
can cause from the 1970s’ oil shocks and the dynamics of the world oil supply
over the past four decades. On October 5, 1973, the Yom Kippur War started when
Syria and Egypt attacked Israel. The United States and most Western countries
showed support for Israel. Several Arab nations and Iran imposed an embargo
and curtailed their production by 5 mbpd. There had been no spare production
in the United States, the largest oil-producing nation, since 1971, but other non-
OPEC producers were able to increase production by 1 mbpd, resulting in a 7%
decline in supply. By the end of 1974, the price of oil had ...
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Publisher Resources

ISBN: 9781466556966