OIL PRICES may decrease through 1983. Butan uncertain climate for investment in alternative energy could trigger a reverse trend later. ee ae By TODD R. EASTHAM TOKYO (UPD — The world energy market is likely to remain deceptively stable through 1985, -but tight oil supplies and _ increasing demand could spell trouble late in the decade, a report released today indicates. The International Energy Agency’s 1982 World Energy Outlook predicted that world energy supply and_ demand situation would remain stable through the mid-1980s due to slackened energy consumption and relatively high levels of oil production in industrial countries. The report warned, however, that falling energy prices could lead to con- sumer “complacency” and hesitation among investors in alternative energy sources after 1985. To counter the expected trend, the IEA governments and private industry to “continue the movement towards a more balanced structure of energy supply and demand in which the share of imported oil is reduced and other fuels are made available to replace it. “The energy crisis has not gone away, it is only hiding behind the economic problem," warned Hiromichi Miyazaki, chairman of the IEA urged | governing board. But he added, “I am confident we can eliminate energy as an obstacle to economic growth” if current conservation and alternative energy development policies in industrial countries are maintained. Miyazaki cited a “clear link between the economic and energy crises” and said the current world recession was linked to the energy crises of the.1970s. The late 1980s will witness a similar recession unless worlwide dependence on oil is overcome, he predicted. “The sharp price. increases of the recent past, while damaging to economic growth, triggered high conservation efforts and important efficiency gains,” the report stated. “. . . Thus, at present, economic mechanisms conducive to REDUCE TAXES? Have taxes reduced your Term Deposit profits? There is an alternative that compounds ail of your profits each year, resulting in higher returns, even after taxation. This investment can also be converted to provide a monthly income which may give an extra $1,000 tax deduction. You are not locked in, and your rate of return is guaranteed. Please contact: Seymour Kelly Qualified Financial Planner West Vancouver Resident & Homeowner G Phone: 925-1880 WWwEICOW. SYNDICATE LIMITED Amember of the investor’s Group market equilibrium. appear to be at work.” These factors combined to reduce energy and oil use relative to gross domestic product in IEA member countries by 16 percent and 26 percent respectively, the report noted: This resulted in a decline in oil use of about six-million barrels per _day between 1979 and1981. As a result, energy and oil Thanks to you, it works 5 for.all of us: WARNING A cozy fireplace can be dangerous. Protect your family from carbon monoxide poisoning! Carbon monoxide poisoning is a very real hazard in “any homes normally have their own air supply, it is often not sufficient to provide . Fite Photo prices may decrease significantly in real terms during 1982 and 1983, the report said. 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