The Energy Question Volume Two : North America: An International Failure of Policy / Leonard Waverman, Edward Erickson.

Format:

Book

Contributor:

Erickson, Edward, editor.

Waverman, Leonard, editor.

Series:

Heritage

Language:

English

Subjects (All):

Energy policy.

Petroleum industry and trade.

Power resources.

Genre:

Electronic books.

Physical Description:

1 online resource (416 pages) : illustrations, tables

Place of Publication:

Toronto : University of Toronto Press, [2019]

Language Note:

In English.

Summary:

The so-called energy crisis that burst upon the world in 1973 was not easily understood by many people. It was neither 'the beginning of the end' nor the first encounter by modern man with the natural result of his prodigality. These papers, collected in two volumes, from energy economists in the United States, Canada, and Britain all indicate that the 'crisis' was and is a short-run problem caused by government action or inaction. The problem may be complex, but it was mishandled, particularly by the United States, in terms of government policy. The rise in the price of, and the embargo on, oil came into being because of a successful producers' cartel outside North America; oil buyers - nations and companies - did not respond in kind but scurried around the world in separate planes in order to ensure supplies for themselves at any price. That price became many times the cost-of-production price, despite the fact that cool analysis reveals an increase in both production and reserves in most areas of the world. The shortage of refined oil products for consumers are attributable partly to the embargo, but also to a shortage of refineries and bottlenecks in transportation - some of which have been induced by government uncertainties over recent years. Proper government policies are now required. The thirty-six papers in the two books treat a multitude of topics related to the question of energy as seen from the stance of the economist. All sources of energy are considered, as are the markets in major areas of the world; past policies are analysed, and future policies recommended. It is hoped that the volumes, giving the background to the energy problems of the immediate future and a menu of prescriptions for their solution, will interest businessmen, market analysts, and policy-makers as well as economists, teaching or learning, in many parts of the world.

Contents:

Frontmatter

Contents

Introduction

Part One: The United States

The Us petroleum industry / Erickson, Edward W. / Spann, Robert M.

Alternative strategies for dealing with the natural gas shortage in the United States / Starratt, Patricia E. / Spann, Robert M.

Coal: our limited vast fuel resource / Gordon, Richard L.

Electricity in the United States / Chapman, Duane

Tax incentives in the US petroleum industry / Millsaps, S. W. / Spann, R. M. / Erickson, E. W.

Part Two: Canada

Oil and Canadian policy / Debanné, J. G.

Natural gas and Canadian policy / Hamilton, Richard E.

Electricity and Canadian policy / Higgins, Larrett

Rents, rentiers, and royalties: government revenue from Canadian oil and gas / Hyndman, R. M. / Bucovetsky, M. W.

Part Three: Policy Overlaps

The reluctant bride: Canadian and American energy relations / Waverman, Leonard

The energy problem / Houthakker, H. S.

Technological change and the drilling cost-depth relationship 1960-6 / Fisher, Franklin M.

Economic consequences of developing Canada's Arctic gas / Helliwell, John

Transportation energy demand / Dewees, Donald N.

Non-conventional energy sources / Quirin, G. D.

Conservation regulation and the elements of a national energy policy / Mcdonald, Stephen L.

Protection of the environment / Stoel, Tom / Waverman, Leonard

Policy disharmonies: problems created by the organizations that control energy markets / MacAvoy, Paul W.

Contributors

Notes:

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mrz 2019)

ISBN:

9781487596736

1487596731

9781487595036

1487595034

OCLC:

1091660123