Poland - Fuels and Energy

Getting Rich   Billionare   Millionare   Federal Reserve   Credit Risk   NASDAQ   Annuity   Common Stock   

Poland's fuel and energy profile is dominated by coal, the only fuel in abundant domestic supply. Because of lopsided and uneconomical dependence on this single fuel, the fuels and energy sector of the economy was a primary target for reorganization and streamlining in the early 1990s. In 1989 production of coke and extraction and refining of gas and oil accounted for 4.9 percent of Poland's total industrial base. Electrical power generation accounted for 2.9 percent. However, these statistics were downward biased by the very low, heavily subsidized prices of the products of those industries. Higher, market-established prices of fuels and electricity were expected to induce more economical fuel consumption, as were modern fuel-saving technologies in industry, construction, and transportation and gradual elimination of the most heavily fuel-intensive industries. By 1991 official policy had recognized that making such changes was less expensive than continuing the cycle of higher energy demand and production characteristic of the centrally planned economy.

Data as of October 1992


Next Page    Prev Page    Index Page    

Other Links:  MarketSigns.com  Money 101  Bonds  IRS Procedures  IRS FAQ's  IRS Tax Info  Employer's Guide for Tax    
Countries  Ecuador  Egypt  ElSalvador  Ethiopia  Finland  Georgia  Germany(East)  Ghana  Guyana