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Performance of government in energy regulations. [Brief review]

Conference · · Am. Econ. Rev.; (United States)
OSTI ID:5690860

The specific standard of optimum resource conservation is used to evaluate the government's performance in energy regulation in anticipation of new government proposals for a National Energy Plan. Five major areas of government intervention into the energy sector over the past fifty years are examined: percentage depletion allowance tax treatment for oil and gas production, the lsting of intangible drilling costs as expenses, prorationing rules for depth-acreage and well-spacing, import quotas, and price controls on natural gas. The impact of these policies is judged to be counterproductive in terms of resource conservation because of the economics and political pressures of our system of government, the acceptance of the market failure concept, the compromising nature of the legislative process, the breakdown in the administration of legislation, and the fact that the net costs of the correction exceed the cost of the externality. 12 references.

Research Organization:
Univ. of California, Santa Barbara
OSTI ID:
5690860
Journal Information:
Am. Econ. Rev.; (United States), Journal Name: Am. Econ. Rev.; (United States) Vol. 69:2; ISSN AERNA
Country of Publication:
United States
Language:
English

Similar Records

Reich, A. E. et al. vs Commissioner of Internal Revenue and G. D. Rowan et al. vs Commissioner of Internal Revenue. U. S. Court of Appeals, Ninth Circuit. January 21, 1972. [Judicial interpretation of IRS tax regulations relative to depletion allowance for geothermal well drilling and development; 26 CFR 1. 263(c), 1. 611(a), and 1. 613(b)]
Journal Article · Fri Dec 31 23:00:00 EST 1971 · Fed. Rep.; (United States) · OSTI ID:5198565
U. S. taxes on energy resources
Journal Article · Thu May 01 00:00:00 EDT 1975 · Am. Econ. Rev.; (United States) · OSTI ID:7283676
National Energy Act (NEA) to conserve energy, speed shift to coal, reduce oil imports
Journal Article · Sun Dec 31 23:00:00 EST 1978 · J. Air Pollut. Control Assoc.; (United States) · OSTI ID:6701186

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290400 -- Energy Planning & Policy-- Energy Resources
291000 -- Energy Planning & Policy-- Conservation
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
ECONOMIC IMPACT
ENERGY POLICY
FINANCIAL INCENTIVES
GOVERNMENT POLICIES
MARKET
OPTIMIZATION
REGULATIONS
RESOURCE CONSERVATION
RESOURCE DEVELOPMENT
TAXES