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It's Time to Think About Energy Policy Again

Congressman Richard Gephardt

Year: 1989
Volume: Volume 10
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No1-1
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Abstract:
Last fall marked the fifteenth anniversary of the Arab oil embargo. But judging from the attention given America's energy problemsduring the Reagan administration, it is almost as if it never happened. U.S. energy policy in recent years has drifted aimlessly--much asit did before 1973. As Yogi Berra" put it, "it's deja vu--all over again."



Is American Energy Politics Ideological?

Eric M. Uslaner

Year: 1989
Volume: Volume 10
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No1-6
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Abstract:
When we think of energy issues, we generally conjure up ideas of conflicts between producers and consumers. These translate into visions of grand ideological conflicts between the left and the right. Wildavsky and Tennenbaum (1981) speak of battles between "preservationists" and "industrialists." Kalt (1981) argues that "[tihe domestic energy 'crisis' is, far more than anything else, a quarrel over income distribution."Ideological straight fights are marked by a single dimension of conflict. In particular, ideological politics, as opposed to religious or ethnic cleavages, suggests a battle between left and right--or, producers and consumers in the case of energy battles. When there are only two contestants, one is sure to win if the group decision is made by majority rule. Even in the United States Congress, where complex rules often frustrate coherent policy formation, strongly-held positions can prevail over obstructionists if they are determined enough. Yet, during the 1970s many attempts to form a "national energy policy" failed. In the 1980s Congress again stumbled in making natural gas policy as it defeated both decontrol and recontrol proposals.



The Gulf Crisis: Oil Fundamentals, Market Perceptions and Political Realities

Ahmad Zaki Yamani

Year: 1991
Volume: Volume 12
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol12-No2-1
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Abstract:
The oil market has certainly not disappointed those who might have feared that it had lost its ability to shock. The dramatic events in the Gulf in August 1990 resulted in the oil price more than doubling within two months, reaching -- at over $40 a barrel -- levels not seen since November 1980. This is a faster rise than that observed during the height of the Iranian crisis, when the price of oil took seven months to double. Once again political events in the turbulent Middle East managed to generate huge shock waves in the oil industry and to toss much else besides into dizzy confusion. Of course, the governments of many oil-producing states and a number of oil companies may feel euphoric about the price-driven surge in their incomes. However, price rises of this rapidity and magnitude are bound to make any jubilation turn sour, if past experience is anything to go by -- and these days the turn-around will happen sooner rather than later.



Pricing Electricity and Supporting Renewables in Heavily Energy Subsidized Economies

David M. Newbery

Year: 2017
Volume: Volume 38
Number: KAPSARC Special Issue
DOI: 10.5547/01956574.38.SI1.dnew
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Abstract:
Heavily Energy Subsidized Economies' energy subsidies cost the budget on average 4% of GDP in 2014. Resource rents permit administratively undemanding transfers to citizens to maintain political support, whose removal will be resisted, despite resulting inefficient consumption and lock-in risk. Collapsing energy prices delivering severe fiscal shocks combined with growing concerns over climate change damage make carefully designed reforms both urgent and politically more acceptable. Political logic suggests designing reforms that compensate vocal interest groups. The paper presents evidence on the magnitude and impacts of oil, gas and electricity subsidies, and discusses how the electricity sector can be weaned off subsidies, enabling CCGTs and unsubsidized renewables to reduce carbon emissions.





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