Perspective on the economics of natural gas decontrol

Journal Article · Mon Nov 01 04:00:00 EST 1982 · Fed. Reserve Bank St. Louis Rev.; (United States)

OSTI ID:6352798

Ott, M; Tatom, J A

The authors feel that overstatements of the economic impact of natural gas deregulation on residential users overlook the reversal that will occur in relation to world oil markets. They note that the effect of price controls has been lower consumption growth, smaller reserves, and reduced production levels. An economic analysis of the effects of price decontrol shows that it increases both supply and demand, although conventional analyses inadequately reflect these changes. Finally, the authors observe that the real effects in terms of OPEC prices and production can be compared to the results of US crude oil decontrol in 1981, which lowered world energy prices in the same way natural gas decontrol will lower world prices. 21 references, 2 figures, 5 tables. (DCK)

• OSTI ID: 6352798
• Journal Information: Fed. Reserve Bank St. Louis Rev.; (United States), Journal Name: Fed. Reserve Bank St. Louis Rev.; (United States) Vol. 64:9; ISSN FRBRD
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003* -- Energy Planning & Policy-- Natural Gas
DEREGULATION
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMIC POLICY
ECONOMICS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
MARKET
NATURAL GAS