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Energy Policies and Their Consequences After 25 Years

Hans Landsberg and Sam Schurr each led research teams that produced two important energy futures policy studies that were published in 1979. The conclusions, policy recommendations, and energy demand, supply, and price forecasts contained in these studies are reviewed. Developments in U.S. energy policy over the last 25 years are discussed and compared with the recommendations contained in the two studies. The projections of energy demand, supply, and prices for 2000 contained in the studies are presented and compared to actual realizations. The nature, magnitudes, and reasons for the differences between the studies forecasts and what actually emerged 25 years later are discussed. All things considered, the Landsberg and Schurr studies have stood the test of time very well.

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Energy Specializations: Petroleum – Policy and Regulation; Natural Gas – Policy and Regulation; Coal – Policy and Regulation; Electricity – Policy and Regulation

JEL Codes:
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
Q53 - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

Keywords: Energy policy, US, Hans Landsberg, Sam Schurr

DOI: 10.5547/ISSN0195-6574-EJ-Vol24-No4-2

Published in Volume24, Number 4 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.