When the oil spigot is suddenly turned off: some further thoughts

Journal Article · · J. Policy Anal. Manage.; (United States)

DOI:https://doi.org/10.2307/3323291· OSTI ID:6409882

Hubbard, R G; Weiner, R

A tariff on imported oil could turn a supply shortage into a major economic problem and be less effective than strategies to discourage hoarding by stabilizing and lowering process. Filling the Strategic Petroleum Reserve (SPR) and providing ready access to the reserve is a better direction, but the small size of the SPR will not prevent hoarding-for-profit. The government sale of future market contracts would lower spot market prices before supplies decline. A model for selling future contracts supports this proposal. 3 references. (DCK)

• Research Organization: Harvard Univ., Cambridge, MA
• OSTI ID: 6409882
• Journal Information: J. Policy Anal. Manage.; (United States), Journal Name: J. Policy Anal. Manage.; (United States) Vol. 2:2; ISSN JPAMD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CONTRACTS
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
MARKET
PETROLEUM
RESERVES
RESOURCES
STRATEGIC PETROLEUM RESERVE
SUPPLY DISRUPTION