@ARTICLE{Leśniak_Sabina_The_2000,
 author={Leśniak, Sabina},
 number={No 2},
 journal={Gospodarka Surowcami Mineralnymi - Mineral Resources Management},
 pages={77-90},
 howpublished={online},
 year={2000},
 publisher={Komitet Zrównoważonej Gospodarki Surowcami Mineralnymi PAN},
 publisher={Instytut Gospodarki Surowcami Mineralnymi i Energią PAN},
 abstract={The above paper discusses the issue of the influence of decreasing oil prices on the American oil industry in 1997/98. The analysis ofthe economic situation ofthe oil industry in the USA depicts some ofthe most important issues such as: low efficiency of the oil sources, decrease in the refinery capacities and high production costs. All of these made American producers transfer production abroad to other more efficient regions of the world. High supply and low demand for the product arc mentioned and explained as main causes of the world decrease in oil prices in 1997-1998. Although the price decrease had a good influence on the overall American economy, it had a negative impact on the economic situation in the states producing oil. Lower income. financial problems, cuts in budgets and investments,joint ventures, buyouts and the overall integration of the industry were the main results of the oil price decrease. This caused further consequences for the whole American oil sector such as: further decrease in the American oil production level - significant increase in the oil import from abroad.},
 type={Artykuł},
 title={The influence of the decrease in oil prices on the condition of the American oil industry in 1997-1998},
 URL={http://journals.pan.pl/Content/132777/PDF-MASTER/7_GSM_16_2_2000_Lesniak_Wplyw.pdf},
 keywords={crude oil, production costs, decrease in oil prices, production decrease, oil sector integration},
}