Net effects of government intervention in energy markets

Journal Article · Fri Apr 01 00:00:00 EST 1983 · Energy J.; (United States)

OSTI ID:5789570

Dickens, III, P F ^[1]; McNicol, D L; Murphy, F H; Zalkind, J H

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1. USDOE Energy Information Administration, Washington, DC

The energy programs considered herein have little impact on energy supply, consumption, prices, and oil imports. The broad similarity between the current programs case and the less-intervention case (current programs modified) is largely explained by (1) the intended effects of some programs that will be more pronounced in later decades, (2) higher energy prices that work in the same direction as many energy programs and hence tend to reduce the impacts of these programs, and (3) the effects of the energy programs that offset one another. The conclusions do not imply that energy programs are inconsequential. Many of the recent programs were initiated to counterbalance the effect of programs right after the 1973-1974 soil embargo when policy was to alleviate the pain of higher prices. Shifting directions and imposing this panoply of programs has not been without cost in terms of resources required to operate programs, the economic distortions associated with the programs, and the political energy involved. 8 references, 1 figure, 4 tables.

• OSTI ID: 5789570
• Journal Information: Energy J.; (United States), Vol. 4:2
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
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ECONOMIC IMPACT
ENERGY SUPPLIES
ECONOMIC POLICY
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292000 - Energy Planning & Policy- Supply
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