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Analyzing Impacts of Potential Tax Policy Changes on U.S. Oil Security

James L. Sweeney and Michael J. Boskin

Year: 1985
Volume: Volume 6
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol6-NoSI-8
No Abstract

Should GNP Impacts Preclude Oil Tariffs?

Hillard G. Huntington

Year: 1988
Volume: Volume 9
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol9-No2-3
View Abstract

The oil security issue has been pushed once again to the forefront of energy policy deliberations. While a number of different policy options are being considered and discussed, none has generated as much heated debate as the imposition of an oil import tariff in the United States (see Broadman and Hogan, 1986; U.S. Department of Energy, 1987.)

U.S. Ethanol Policy: Time to Reconsider?

James M. Griffin

Year: 2013
Volume: Volume 34
Number: Number 4
DOI: 10.5547/01956574.34.4.1
View Abstract

This paper examines both the intended and unintended consequences of current U.S. ethanol policy. Originally, the 2007 legislation was intended to benefit consumers with lower gasoline prices, to reduce carbon emissions, and to promote oil security by displacing imported oil with domestically produced ethanol. While well-intentioned, the realized benefits have been minimal to consumers, the environment, and oil security. Alternatively, the unintended consequences on corn and other food commodity prices are having severe repercussions particularly in developing countries where consumers have more limited substitution possibilities. The extreme drought of 2012 illustrated the folly of mandating fixed quantities of ethanol use in gasoline, while allowing the residual to be left for food uses. It is time to reconsider and rescind the ethanol mandates.

Petro-Nationalism: The Futile Search for Oil Security

James M. Griffin

Year: 2015
Volume: Volume 36
Number: Adelman Special Issue
DOI: 10.5547/01956574.36.SI1.jgri
View Abstract

This paper takes the contrarian viewpoint that petro-nationalist oil security policies by oil consuming nations are likely to be ineffectual, very costly, and politically destabilizing internationally. Because the world oil market is one big bathtub, oil security is a public goods problem with a worldwide scope. Thus cooperative solutions are essential. Particularly troublesome are bilateral supply agreements and efforts to achieve oil autarky, which aim specifically at achieving a political or economic advantage vis-a-vis other oil consuming nations. These misguided actions are likely to trigger politically destabilizing oil resource competition among major oil consuming nations.

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