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Author: Henry D. Jacoby
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 67
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Book Description
Once again, the United States has passed through a period of disruption in international oil supplies, with sharp price increases. Again external events--their effects magnified by our domestic policies--have impinged on the lives of large numbers of people. There is heightened awareness of an energy problem, though there is little consensus about its nature, how bad it is, or what should be done. Conflicting claims are made about who bears responsibility; and there are competing proposals for solutions, ranging from import quotas and rationing to large investments in synthetic fuels. In this paper we examine both the nature of the problem and a number of proposed solutions. Unfortunately, there is tremendous pressure to make decisions. There is no time for major new analysis. In this review, therefore, we sacrifice thoroughness to speed, presenting our best view of what seem to be the most important issues and choices. Moreover, this paper is incomplete: there are important questions not now before the Congress, and presumably there are good proposals that have not yet made their way to the head of the legislative agenda. But we hope this review may serve a larger purpose in providing a basis for analyzing the changing situation now before us and evaluating proposals being made. Such a perspective--in which the risks and benefits of alternative courses of action are the central focus of discussion--seems to us superior to the absolutist rhetoric of the moment, in which it is worth any price to meet what is viewed as a critical threat to the country. In Section 2 of the paper, we review the nature of the energy problem. There are many views of this issue, and analyses are frequently framed to suggest a specific solution. This paper tries to avoid working from an answer back to the problem, bit that judgment will be up to the reader. For those who have no stomach for further problem analysis, you may wish to go directly to Section 3 for comments on current policy proposals. We discuss two aspects of the energy problem: the economic and the political (including national security and foreign policy). While these are not truly separable, it is important to understand that solutions responding only to one element may have significant adverse impacts on the other. In the discussion on national security and foreign policy, we assess the policy strategy of oil import reductions. Attention is given to the nature of the security problem, and how it presents itself. Then we probe the question: If imports are reduced, are there significant national security benefits? In reviewing the issue, we observe three kinds of security problems: accidents (Iran), embargo and short-term cutback, and price as a weapon. Finally we suggest that our policy needs. to maintain a careful balance of economic and political goals. Import reduction is important for economic reasons, and actions to speed that reduction are appropriate. However, we should not spend a great deal more to avoid imports than we would have paid for the imported barrel. In Section 3, with those criteria in mind, we review various measures now before the Congress. During the discussion, the difficulties and complexities are mentioned, and some suggestions are tendered. The following table summarizes our reactions.
Author: Henry D. Jacoby
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 67
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Book Description
Once again, the United States has passed through a period of disruption in international oil supplies, with sharp price increases. Again external events--their effects magnified by our domestic policies--have impinged on the lives of large numbers of people. There is heightened awareness of an energy problem, though there is little consensus about its nature, how bad it is, or what should be done. Conflicting claims are made about who bears responsibility; and there are competing proposals for solutions, ranging from import quotas and rationing to large investments in synthetic fuels. In this paper we examine both the nature of the problem and a number of proposed solutions. Unfortunately, there is tremendous pressure to make decisions. There is no time for major new analysis. In this review, therefore, we sacrifice thoroughness to speed, presenting our best view of what seem to be the most important issues and choices. Moreover, this paper is incomplete: there are important questions not now before the Congress, and presumably there are good proposals that have not yet made their way to the head of the legislative agenda. But we hope this review may serve a larger purpose in providing a basis for analyzing the changing situation now before us and evaluating proposals being made. Such a perspective--in which the risks and benefits of alternative courses of action are the central focus of discussion--seems to us superior to the absolutist rhetoric of the moment, in which it is worth any price to meet what is viewed as a critical threat to the country. In Section 2 of the paper, we review the nature of the energy problem. There are many views of this issue, and analyses are frequently framed to suggest a specific solution. This paper tries to avoid working from an answer back to the problem, bit that judgment will be up to the reader. For those who have no stomach for further problem analysis, you may wish to go directly to Section 3 for comments on current policy proposals. We discuss two aspects of the energy problem: the economic and the political (including national security and foreign policy). While these are not truly separable, it is important to understand that solutions responding only to one element may have significant adverse impacts on the other. In the discussion on national security and foreign policy, we assess the policy strategy of oil import reductions. Attention is given to the nature of the security problem, and how it presents itself. Then we probe the question: If imports are reduced, are there significant national security benefits? In reviewing the issue, we observe three kinds of security problems: accidents (Iran), embargo and short-term cutback, and price as a weapon. Finally we suggest that our policy needs. to maintain a careful balance of economic and political goals. Import reduction is important for economic reasons, and actions to speed that reduction are appropriate. However, we should not spend a great deal more to avoid imports than we would have paid for the imported barrel. In Section 3, with those criteria in mind, we review various measures now before the Congress. During the discussion, the difficulties and complexities are mentioned, and some suggestions are tendered. The following table summarizes our reactions.
Author: Alfred A. Marcus
Publisher: SAGE Publications
ISBN: 1452245967
Category : Political Science
Languages : en
Pages : 175
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Book Description
A key long-term challenge faced by the United States and other leading world economies is breaking the link between economic growth and oil consumption. The energy price shocks of 1973 and 1979 showed the fragility of these dependent relationships and their impact on world politics. Alfred Marcus ably examines U.S. energy policymaking and reveals both the shortcomings and failures--as well as the surprising successes--of past energy-policy efforts. Following a review of events that transpired in the Persian Gulf after August, 1990, Marcus examines worldwide trends in energy production/consumption since the first energy-supply crisis of 1973. Ensuing chapters discuss the economics and politics of energy policy, the role(s) of markets and governments, and parts played by supplier and user nations from countries to cartels. Unique to this text is Marcus′s review of U.S. policies and reactions to energy shortages as compared with the experiences of other major consuming nations (Japan, France, and Great Britain). At a time when energy policy is among the most important issues in world politics, Controversial Issues in Energy Policy skillfully outlines new and enduring issues of energy policy for academics and students in public policy, political science, public administration, and economics, as well as policy makers. "Marcus provides a valuable insight into the dynamics of policy and politics around a vitally important resource." --Political Studies Association
Author: Peter Z. Grossman
Publisher: Cambridge University Press
ISBN: 1107005175
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
This book presents an analytic history of American energy policy, examining policy failures and how the policy process itself leads to failure.
Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1322
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Book Description
Author: Interstate Oil Compact Commission. Environmental Protection Committee. Subcommittee on Environmental Problems
Publisher:
ISBN:
Category : Gas industry
Languages : en
Pages : 33
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Book Description
Author: David Lewis Feldman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
The energy crisis of 1973-1974 was a pivotal event in twentieth-century American history. In the wake of the Vietnam War, it exposed the nation's economic vulnerability to foreign powers and precipitated an awareness of limits to the exploitation of natural resources. Further, it forced Americans and the American government in particular to think about the future of energy production and consumption in novel waysand made such thinking more imperative than ever. Twenty years later, questions about the energy crisis persist. What were the underlying causes of the crisis? What did we learn from it? How has it affected our current energy policies? Will another energy crisis occur in our future? In The Energy Crisis, David Lewis Feldman brings together a wide range of energy policy experts to address these questions and explore the appropriate role of governments and markets in ensuring a stable, economical, and sustainable energy supply. The authors locate the energy crisis in its historical context and find that, contrary to popular opinion, the Arab oil embargo was not responsible for the energy crisis. Rather, they contend, the crisis was caused by a series of short-sighted policy decisions meant to bring Americans cheaper energy and a cleaner environment. The contributors to The Energy Crisis conclude that the crisis was resolved by a combination of market forces and government intervention, and they offer perspectives on the need to sustain long-term interest in public/private partnerships in the face of short-term political and economic demands.
Author: United States. National Energy Policy Development Group
Publisher: Group Publishing (Company)
ISBN:
Category : Political Science
Languages : en
Pages : 176
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Book Description
Author: Benjamin K. Sovacool
Publisher: JHU Press
ISBN: 1421418975
Category : Nature
Languages : en
Pages : 389
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Book Description
A balanced examination of global energy issues. Energy sustainability and climate change are two of the greatest challenges facing humankind. Unraveling these complex and interconnected issues demands careful and objective assessment. Fact and Fiction in Global Energy Policy aims to change the prevailing discourse by examining fifteen core energy questions from a variety of perspectives, demonstrating how, for each of them, no clear-cut answer exists. Is industry the chief energy villain? Can we sustainably feed and fuel the planet at the same time? Is nuclear energy worth the risk? Should geoengineering be outlawed? Touching on pollution, climate mitigation and adaptation, energy efficiency, government intervention, and energy security, the authors explore interrelated concepts of law, philosophy, ethics, technology, economics, psychology, sociology, and public policy. This book offers a much-needed critical appraisal of the central energy technology and policy dilemmas of our time and the impact of these on multiple stakeholders.
Author: Michael Steinman
Publisher: Lexington, Mass. : Lexington Books
ISBN:
Category : Nature
Languages : en
Pages : 234
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Book Description
Author: John V. Mitchell
Publisher: Chatham House (Formerly Riia)
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
This path-breaking study attempts to define a new international dimension to energy policy that takes account of the dramatic political changes since the oil crises of the 1970s. This 'new geopolitics of energy' is creative rather than defensive, aligned to market-oriented development rather than state management. But governments have a role in promoting stable international conditions for trade and investment in energy, which in turn contribute to wider political stability; the development of more widely acceptable options for nuclear power; coordinated international action to mitigate the risks of climate change and other environmental impacts. This book is invaluable reading for executives and analysts in the energy business, and for strategic thinkers who believe that broader policies should in keeping with current energy trends.