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3 edition of The economic and energy effects of alternative oil import policies found in the catalog.

The economic and energy effects of alternative oil import policies

United States. General Accounting Office

The economic and energy effects of alternative oil import policies

report to the Congress

by United States. General Accounting Office

  • 270 Want to read
  • 11 Currently reading

Published by U.S. General Accounting Office in [Washington] .
Written in English

    Places:
  • United States,
  • United States.
    • Subjects:
    • Petroleum industry and trade -- United States.,
    • Energy policy -- United States.,
    • United States -- Economic conditions -- 1971-1981.

    • Edition Notes

      Statementby the Comptroller General of the United States.
      Classifications
      LC ClassificationsHD9566 .U543 1979a
      The Physical Object
      Paginationx, 42, 8 p. ;
      Number of Pages42
      ID Numbers
      Open LibraryOL4065108M
      LC Control Number79602989

        Overview. Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for . COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

      An energy crisis is any significant bottleneck in the supply of energy resources to an literature, it often refers to one of the energy sources used at a certain time and place, in particular those that supply national electricity grids or those used as fuel in Industrial development and population growth have led to a surge in the global demand for energy in recent years. Euro-zone countries, which are highly dependent on oil imports, would suffer most in the short term, their GDP dropping by % and inflation rising by % in

      of energy especially electricity researches has started focusing on attainment of optimal energy mix through fuel substitution by renewable energy. In Pakistan oil and gas are two key components of energy mix contributing almost 65 percent (oil 15% and gas 50%) share to the million TOE1 of energy supplies during while share of coal andFile Size: KB. For example, the value of India’s oil imports increased by more than 20 percent in a single year, from $33 billion in to an estimated $40 billion in The Economic Research Service of the U.S. Department of Agriculture has stated, “For oil-importing developing countries, the $billion increase in the energy import bill in Cited by:


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The economic and energy effects of alternative oil import policies by United States. General Accounting Office Download PDF EPUB FB2

GAO examined alternatives to this problem of excessive reliance on imported oil. The three pricing policy alternatives are price deregulation, import fees, and domestic crude oil taxes. The fourth alternative, import quotas, is a quantitative limit on imports and so does not work directly through the price mechanism.

GAO also examined the effects of the present administration's decontrol plan and. Get this from a library. The economic and energy effects of alternative oil import policies: report to the Congress.

[United States. General Accounting Office.]. THE ECONOMIC IMPACT OF OIL IMPORT REDUCTIONS PREPARED AT TH REQUESE OFT HENRY M JACKSON. Chairman, COMMITTEE ON ENERGY AND NATURAL RESOURCES UNITED STATES SENATE Publication No 8 DECEMBER Printed for the use o Committef the one Energy and Natural Resources U.S.

GOVERNMEN PRINTINT G OFFICE WASHINGTO: N. Economy, energy pricing, and trade Like many oil-exporting economies, Kuwait’s economic development strategy since the s has positioned crude and refined oil products at the forefront of its exports and government revenue.

As a result, the country’s GDP is closely linked to its oil production and oil prices and is, therefore, subject. Oil price hikes can have disruptive effects on the current account balances of oil-importing developing countries, which largely depend on external energy sources for domestic output.

Nonetheless, the relation between oil prices and current account has been analyzed only in a limited number of studies for the developing by: 1. The impacts of reduced oil prices on the economic viability of selected technologies which utilize solar, wind and biomass energy sources are examined.

The technologies include dendrothermal power plants, bagasse, fuel alcohol, wind electricity, biomass gasifiers, solar water heaters, biogas, photovoltaic pumps and wind by: 7. theory, oil price increases are expected to negatively affect net oil importers through rising import bills, which in turn effect other prices, and lead to rising inflation, reduced macroeconomic demand (output level) and further unemployment (Bacon, Kojima, ).

The scale of economic decline is differentFile Size: KB. Impact of lower oil prices on renewable energy technologies (English) Abstract. The impacts of reduced oil prices on the economic viability of selected technologies which utilize solar, wind and biomass energy sources are examined.

The technologies include dendrothermal, bagasse, fuel alcohol, wind electric, biomass gasifiers, solar Cited by: 7. The extraction of oil and natural gas from shale has reduced the amount of oil the United States needs to import and is adding to the economy in the forms of jobs, investment, and growth.

Oil. In modern times we can trace a great deal of bad energy policy back to President Jimmy Carter, who made a practice of demonizing the oil industry, and largely justified his creation of the. The OPEC oil embargo was an event where the 12 countries that made up OPEC stopped selling oil to the United States.

The embargo sent gas prices through the roof. Betweenprices more than quadrupled. The embargo contributed to stagflation. In response to the oil crisis, the United States took steps to become increasingly energy.

The long read: The past three centuries of progress have been powered by coal, oil and gas. Burning much of what’s left will lead to environmental and economic catastrophe.

Here’s how to. The Interaction between Oil Price and Economi c Growth. due to the appearance of alternative forms of energy Some of these indirect effects may involve economic policy reactions. The United States produces a large share of the petroleum 1 it consumes, but it uses imports to help supply domestic and international markets.

Inthe United States produced 2 about million barrels per day (MMb/d) of petroleum, and it consumed 3 about MMb/d. Imports from other countries help to supply domestic demand for petroleum. Also, falling oil prices could harm the growing markets for renewable energy and reduce the attractiveness of cars which use alternative fuel sources.

Problems of falling oil prices for oil producers The problem of falling oil prices will be felt most significantly by oil producing countries and oil.

The impact of declining oil availability depends on whether the alternatives to oil materialise. For example, it was hoped nuclear fusion would provide low cost energy, but, technological developments have been disappointing.

If we don't find realistic alternatives to oil, the consequences for the global economy could be serious. Renewable energy is already cheaper than other energy options in most of the world, but it comes with other economic and societal benefits as well.

Because of the number of countries investing in. oil prices that began in and the sharp decline that followed in following the subprime mortgage crisis have renewed interest in the effects of oil prices on the macroeconomy.

Following the financial crisis ofthe WTI1 crude oil price dropped from US$ on Jto belowCited by: The economic benefits of reducing oil imports and discussing the benefits of lowering the US oil import bill. Currently the US has a trade deficit, 80% of which is fuelled by oil imports.

The general thrust of this forthcoming legislation and the clean-energy provisions within the economic stimulus program is to promote energy efficiency and renewable energy. The slide marks the latest act in a dramatic reversal of fortunes for the oil industry that is, in turn, roiling the global economy.

Less than a decade ago the world scrambled for oil, largely to.Inthe U.S. Congress passes the Energy Policy Act, which includes new incentives for transportation fuel alternatives and flex-fuel cars as well as new subsidies for domestic oil exploration.

How renewable energy could power Britain's economic recovery Harnessing power from sun, wind and sea could spur UK’s post-pandemic economy Author: Jillian Ambrose.