HOW MUCH OIL - HOW MUCH INVESTMENT.

It is stated that whether or not the world's indicated future needs for energy can be fully satisfied will depend upon the adequacy of capital investment. That in turn, will hinge upon the ability of the energy industries to generate sufficient financial resources. The primary purpose of this report is to provide information relating to the financial needs, particularly to the needs of the petroleum industry. Studies indicate the petroleum industry will need to invest at least 400 billion dollars for capital and exploratory purposes if it hopes to find 600 billion barrels of oil between 1970 and 1985. In addition, another investment of 370 billion dollars will be required for other essential purposes - refineries and other processing facilities, tankers, pipelines, the vast market distribution system, and the costly equipment needed to achieve and maintain environmental standards. It is proposed that although the potential for having enough petroleum in the future is promising, more cooperation between governments and the petroleum industry and also between governments of the world will be needed.