This book, first published in 1982, takes the interaction between the domestic economy and the international trade in oil and, through the use of a consistent microeconomic framework, examines the conditions under which energy and related policies may or may not improve the performance of the U.S. economy, during both normal periods and old supply disruptions. This title will be of interests to students of environmental management.
Table of Contents
Foreword; Preface; 1. Introduction 2. Import Demand and the World Price 3. Indirect Effects on Higher Oil Prices 4. Private Markets and Disruption Lists 5. Disruption Costs and the Premium 6. Petroleum Reserves and Oil Import Policy 7. Policy Conclusion; Appendices; References; Index