Author: Mark EthridgePublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 44
Book Description
The Social Costs of Incremental Oil Imports
Author: Mark EthridgePublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 44
Book Description
Limiting Oil Imports
Author: Douglas R. BohiPublisher: Routledge
ISBN: 1135986304
Category : Business & Economics
Languages : en
Pages : 381
Book Description
First Published in 2011. This book presents the results of the third phase of our analysis of U.S. oil imports in relation to U.S. energy policy. It presents a definitive history and analysis of the United States' experiment with formal oil import controls and addresses three questions: The first is how the U.S. energy situation, especially energy security, was affected by what was going on in the rest of the world. The second is the more narrow issue of what energy security options appeared available to the United States from the perspective of the special conditions which existed during 1974-75. The third question, the main subject of this book, and the one with which we initially began, was what lessons might be learned from earlier efforts to limit imports, especially through the Mandatory Oil Import Program.
The Social Costs to the U.S. of Monopolization of the World Oil Market, 1972-1991
Author: David Lloyd GreenePublisher:
ISBN:
Category : Gasoline
Languages : en
Pages : 160
Book Description
The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the U.S. over the period 1972-1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the U.S. and other consuming nations could, through collective (social) action affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972-1991 period to a hypothetical ''more competitive'' world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing U.S. oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US. oil consumers to foreign oil producers and, by increasing the economic scarcity of oil, reduces the economy's potential to produce. The actions of the OPEC Cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy's inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972-1991 period are put at $4.1 trillion in 1990$ ($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US's primary oil supply contingency program is small ($10 B) by comparison.
Over a Barrel
Author: John S. DuffieldPublisher: Stanford Law & Politics
ISBN:
Category : Business & Economics
Languages : en
Pages : 320
Book Description
Over a Barrel provides the first comprehensive analysis of the costs of U.S. foreign oil dependence and how they might be reduced.
Energy Abstracts for Policy Analysis
Author: The Economic and Energy Effects of Alternative Oil Import Policies
Author: United States. General Accounting OfficePublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 72
Book Description
The Costs and Benefits of Oil Import Fees
Author: Karl HauskerPublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 32
Book Description
USITC Publication
Author: Social Cost of Imported Oil and U.S. Import Policy
Author: Douglas R. BohiPublisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 30
Book Description
The Social Cost of Imported Oil
Author: Harry G. BroadmanPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 24
Book Description