Benefits and limitations of economic policy responses to an oil supply disruption report to the Honorable Bill Bradley, United States Senate by United States. General Accounting Office

Cover of: Benefits and limitations of economic policy responses to an oil supply disruption | United States. General Accounting Office

Published by The Office in Washington, D.C .

Written in English

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  • Energy policy -- United States,
  • Petroleum reserves -- United States,
  • United States -- Economic policy

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Book details

Statementby the U.S. General Accounting Office
The Physical Object
Pagination29 p. :
Number of Pages29
ID Numbers
Open LibraryOL14900883M

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Abstract Since(1) world oil supply has not increased, and (2) the world has undergone its most severe economic crisis since the Depression. After the Arab oil embargo and the creation of the Organization of Petroleum Exporting Countries (OPEC) in the s, the United States and countries around the world felt a need to hold more oil.

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Build-up of the Strategic Petroleum Reserve was strongly recommended, as was involvement of oil industry personnel in future crisis management.

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We seem to hear two versions of the story of limited oil supply: 1. The economists’ view, saying that the issue is a simple problem of supply and demand. Substitution, higher prices, demand destruction, greater efficiency, and increased production of oil at higher prices will save the day.

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Determining the value of a good in the eyes of the consumer is not simple Original firm's ability to complete with disruption.

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The imposition of price controls on a well‐ functioning, competitive market harms society by reducing the amount of trade in the economy and creating incentives to.

Riding the next wave of disruption. A new wave of disruption more forceful and more pervasive than what we have seen in recent years will likely unfold in the next decade. While the roots of this disruption—technological, economic, geopolitical, demographic or environmental—may remain the same, the unique convergence of these factors should.

As countries in the developing world start to exploit the demographic advantage associated with young and growing populations, the developed world will continue to struggle with the economic challenges of an ageing population/workforce.

This will cause significant disruption over the. David Korowicz: Tipping point near-term systemic implications of a Peak in global Oil production Posted on Novem by energyskeptic [ This is the most brilliant and succinct paper I’ve ever seen that explains the interdependencies of our.

The economic downturn of the s had been propelled by problems of aggregate demand and for this reason it has been called a demand-side crisis. The end of the golden age has been called a supply-side crisis, because problems on the supply side of the economy depressed the profit rate, the rate of investment, and the rate of productivity growth.

The COVID pandemic, also known as the coronavirus pandemic, is an ongoing pandemic of coronavirus disease (COVID‑19) caused by severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2). The outbreak was first identified in Wuhan, China, in early December The World Health Organization declared the outbreak a Public Health Emergency of.

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Transition Risks Transition risks appear as reforms are made to policy and law, changing for people and businesses the terms of operating in the economy. As policy changes seek to make economies green and sustainable, the values of existing assets and costs. This is from the Board of Editors of Trade, Law and Development: The Board of Editors of Trade, Law and Development is pleased to invite original, unpublished manuscripts for publication in the Winter ’20 Issue of the Journal (Vol.

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Tejvan Pettinger Febru Some economists, such as Arthur Laffer, argue that there are circumstances when cutting. III. Economic Implications. The above sections have outlined our answer to the question of why China has so rapidly vaulted into the top tiers of AI powers worldwide.

The following section will examine the economic impact of AI technology in China and elsewhere, with a focus on employment, inequality, and potential policy responses. 22 World Economic Situation and Prospects With regard to the surplus countries, the decline in the external surplus of China has also been driven in part by structural Size: 1MB.Despite these limitations, the available data indicate great economic benefits from coordinated reduction of pollution from fossil fuel combustion.

To give some examples for the United States: The estimated economic cost of preterm births attributable to airborne particulate matter in the United States in was $ billion (Trasande et al Cited by:   Determining just how best to do this involves understanding the complexity of the system of drivers and impacts that affect human well‐being through water security and the risks or benefits to society of alternative policy and management decisions [Cosgrove and Cosgrove, ].

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