Energy policy and the Reagan administration
The Reagan administration, in a sharp break with the energy policy of its three predecessors, concentrated on lowering energy prices, rather than protecting US energy security. The policies of past presidents created the environment within which Reagan's policies could be pursued successfully, the author says. It is not easy to classify Reagan's energy policy as either political or economic or as intentional or unintentional, she notes, although she finds elements of all these. She assigns the intentional label to three Reagan initiatives that helped erode the OPEC price regime: oil price deregulation, support of the Thatcher government's decision to abolish the British National Oil Company, and the oil provisions of the Mexican debt rescue plan. Accidental elements were interest rates and exchange rates, she says. The long-term effect of these policies, she predicts, maybe to reduce supplies and simulate demand, the situation that helped bring about the energy crisis of the early 197s. Other Reagan policies also encouraged high energy demand and discouraged efforts to expand supply, she concludes. 31 references
- Research Organization:
- Old Dominion Univ., Norfolk, VA (USA)
- OSTI ID:
- 5938158
- Journal Information:
- Forum Appl. Res. Publ. Pol.; (United States), Vol. 3:4
- Country of Publication:
- United States
- Language:
- English
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