Impact of lower world oil prices and alternative energy tax proposals on the US economy
The first part of the study presents the outlook for world oil prices. The second part of the study presents an analysis of the effects of a $10 per barrel drop in world oil prices on the domestic economy and on domestic energy markets through 1995. The third part of the study presents an analysis of four alternative energy taxes: a $5 per barrel oil import tariff; a tax on motor gasoline and diesel fuel; a tax on all petroleum products; and a tax based on the energy content of natural gas and oil products. This study is based on results using the Energy Information Administration's Intermediate Future Forecasting System (IFFS) models and the Data Resources, Inc. (DRI) quarterly model of the US economy. Because the analysis is based on assumptions provided by the requestor and has not received formal Energy Information Adminstration review, this report does not represent an official Energy Information Administration product. The Energy Information Administration certifies only that the relevant ocmputer models were run as described and operated as designed.
- Research Organization:
- USDOE Energy Information Administration, Washington, DC
- OSTI ID:
- 5998319
- Report Number(s):
- DOE/EIA-6010275; ON: DE86010275
- Country of Publication:
- United States
- Language:
- English
Similar Records
Reducing US oil-import dependence: A tariff, subsidy, or gasoline tax
Oil price decontrol debate: the President's plan
Related Subjects
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC DEVELOPMENT
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GLOBAL ASPECTS
MARKET
NATURAL GAS
NORTH AMERICA
PETROLEUM
PRICES
TAXES
USA