Abstract
The value of South-East Asia’s petroleum resources lies basically in the value of energy to the region’s economic activity and the changing pattern of energy consumption in the direction of increased dependence on petroleum. It is generally acknowledged that energy consumption is related to economic growth as measured in increases in the national output, although the precise relationship varies according to several factors.
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References
Paul A. Samuelson, Foundations of Economic Analysis (Cambridge, Mass.: Harvard University Press, 1947), p. 125.
Computed from Table la in Organization for Economic Co-Operation and Development, Energy Policy (Paris, 1963).
Alirio A. Parra, ‘Some considerations on the demand and supply of petroleum in the seventies in developing countries’, paper given at Interregional Seminar on Petroleum Refining in Developing Countries, New Delhi, 22 January–3 February 1973, p. 3.
See S.F. Jefferson, ‘Evolution and changes in the pattern of oil supply and demand in the ECAFE region including Australia and New Zealand’, in United Nations, Proceedings of the Second Symposium on the Development of Petroleum Resources of Asia and the Far East, Vol. II (New York, 1963), pp. 235–40, Table 189.
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PN, August 1976, p. 20. The refining industry in Singapore was reported to be in the process of re-designing its facilities to accommodate lighter crude from the region. See Asian Wall Street fournal, 17 February 1977, pp. 1, 7, ‘Singapore’s economy is entering a phase of reduced growth’.
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World Bank, Price Prospects for Major Primary Commodities, Annex IV, p. 2.
See Table 1 in P.D. Gaffney et. al., Economic appraisal of the potential petroleum resources of the Asian Pacific retgion’, Offshore Southeast Asia Conference, 19 February 1976.
U.S. Embassy, Indonesia Petroleum Report, 1975 (Jakarta: June 1975), p. 6.
U.S. Embassy, Indonesia Petroleum Report, 1975 (Jakarta: June 1975), Ibid., p. 4.
Bank Negara Malaysia, Quarterly Economic Bulletin, March/June 1975.
PN, August 1976, pp. 12 and 14.
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Siddayao, C.M. (1980). The Value of Petroleum to South-East Asian Economies. In: The Off-Shore Petroleum Resources of South-East Asia. Natural Resources of South-East-Asia. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-6855-7_1
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DOI: https://doi.org/10.1007/978-94-011-6855-7_1
Publisher Name: Springer, Dordrecht
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