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- W2233126191 abstract "Trends toward increasing petroleum imports in the U.S. have been accelerating rather than reversing since the 1973 Arab oil embargo. Difficulties that have hindered the formulation of a workable energy policy appear to be those that created the problems in the first place, according to Dr. Gordon; the difficulties were largely the result of errors in public policymaking. He feels these errors arose because the political leaders found it preferable to submerge as much as possible the conflicts on this complex problem. The dispute has always been between those interested in maximum economic efficiency in energy and those - notably the coal industry and small-scale oil and gas producers - who feared that free markets would lead to their extinction. The nature of imported oil has been improperly evaluated also, Dr. Gordon feels; the rapid increase in oil prices to $12.50 a barrel in 1973 changed the key issues in energy policy, further confusing economic and political issues. Drawbacks to Project Independence are summarized in the article. Dr. Gordon states that a free market for oil and gas remains the most attractive element of any national energy policy. It is suggested that neither present policies nor movement to an extrememore » such as energy independence, perfect environmental protection, or perfect equality of income would be desirable. It is proposed that the American public be presented the issues in a rational fashion that sets out the problems clearly and shows the consequences of alternative courses of action; Project Independence would then probably become Project Tradeoff. (MCW)« less" @default.
- W2233126191 created "2016-06-24" @default.
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- W2233126191 date "1976-10-01" @default.
- W2233126191 modified "2023-09-26" @default.
- W2233126191 title "Towards Project Tradeoff: another look at energy policy" @default.
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