1. Copyright 2000 Addison-Wesley Longman PART 3 THE QUESTION OF GLOBAL RESOURCE LIMITATIONS

2. Copyright 2000 Addison-Wesley Longman CHAPTER 9 WORLD OIL: A STRATEGIC LIMITED RESOURCE?

3. Copyright 2000 Addison-Wesley Longman FIGURE 9.1 Crude Oil Prices 1950-1998, Deflated Prices, 1998 dollars

4. Copyright 2000 Addison-Wesley Longman FIGURE 9.2 Retail Gas Prices, Including Tax, 1920-1998, 1995 dollars

5. Copyright 2000 Addison-Wesley Longman

8. FIGURE 9.3 World Oil Market if Demand Shifts and Costs Increase

9. Copyright 2000 Addison-Wesley Longman FIGURE 9.4 World Petroleum Market Projections: Growing Population, Income, Cost, Competitive Market

10. Copyright 2000 Addison-Wesley Longman FIGURE 9.5 World Oil Use, Competitive and Monopolistic Markets

11. Copyright 2000 Addison-Wesley Longman

12. FIGURE 9.6 Expectations and Market Equilibria