An economic assessment of the impact of two crude oil price scenarios on households
The impact of two possible future crude oil price scenarios -- high and low price cases -- is assessed for three population groups: majority (non-Hispanic and nonblack), black, and Hispanic. The two price scenarios were taken from the energy security'' report published by the US Department of Energy in 1987. Effects of the two crude oil price scenarios for the 1986--95 period are measured for energy demand and composition and for share of income spent on energy by the three population groups at both the national and census-region levels. The effects on blacks are marginally more adverse than on majority householders, while effects on Hispanics are about the same as those on the majority. Little change is seen in percentage of income spent on energy over the forecast period. Both Hispanic and black households would spend a larger share of their incomes on energy than would majority households. The relatively adverse effects in the higher price scenario shift from the South and West Census regions to the Northeast and Midwest. 24 refs., 7 figs., 22 tabs.
- Research Organization:
- Argonne National Lab. (ANL), Argonne, IL (United States)
- Sponsoring Organization:
- DOE/MA
- DOE Contract Number:
- W-31109-ENG-38
- OSTI ID:
- 7162763
- Report Number(s):
- ANL/ESD-4; ON: DE90007896
- Country of Publication:
- United States
- Language:
- English
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