Oil and ideology in the United States Senate
Journal Article
·
· Energy J.; (United States)
A study of recent Senate votes indicates that post-embargo regulation of the petroleum industry has been explicitly designed, at the expense of efficient resource allocation, as a mechanism for the redistribution of wealth from crude-oil producers to crude-oil refiners and refined-petroleum-product consumers. Senate voting behavior is significantly related to the wealth interests of these constituencies, and the policymaking process has been somewhat captured by private-interest groups. These results tend to support the view that the domestic energy crisis is over wealth distribution and not over market crisis or institutional failure. It is also found that some form of ideological public-interest behavior related to questions of fairness, freedom from intervention, and other values has also played an important role in Senate voting and policy formation. 24 references, 4 tables.
- Research Organization:
- Harvard Univ., Cambridge, MA
- OSTI ID:
- 5136919
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 3:2; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
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