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Policy Implications of Energy Vulnerability

Abstract:
The research of the Energy Vulnerability Modeling Project has concluded that the oil stockpile premium probably lies in the range of $20 to $40 per barrel, and the oil import reduction premium in the range of $5 to $20 per barrel.ENERGY POLICY VS. OIL POLICYSince the price of oil Btu's is three to four times the price of coal Btu's, energy Btu's are definitely "not created equal." If an oil import reduction premium of $5 to $20 is added on top of the price of domestic oil, the inequality grows much larger.

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Energy Specializations: Petroleum – Markets and Prices for Crude Oil and Products; Energy Security and Geopolitics – Geopolitics of Energy

JEL Codes:
L13 - Oligopoly and Other Imperfect Markets
Q48 - Energy: Government Policy

Keywords: Energy policy, Energy vulnerability, Price shocks

DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No2-2


Published in Volume 2, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.