Skip to main content
OSTI.GOVU.S. Department of Energy Office of Scientific and Technical Information
U.S. Department of Energy
Office of Scientific and Technical Information
 

Markets during world oil supply crises: an analysis of industry, consumer, and governmental response

Technical Report ·
DOI:https://doi.org/10.2172/6557039· OSTI ID:6557039
; ;
An analysis of the response of American markets to supply crises in world oil markets is presented. It addresses four main issues: the efficiency of the operation of American oil markets during oil supply crises; the problems of both economic efficiency and social equity which arise during the American adaptation process; the propriety of the Federal government's past policy responses to these problems; and the relationship between perceptions of the problems caused by world oil crises and the real economic natures of these problems. Specifically, Chapter 1 presents a theoretical discussion of the effects of a world supply disruption on the price level and supply availability of the world market oil to any consuming country including the US Chapter 2 provides a theoretical and empirical analysis of the efficiency of the adaptations of US oil product markets to higher world oil prices. Chapter 3 examines the responses of various groups of US oil firms to the alterations observed in world markets, while Chapter 4 presents a theoretical explanation for the price-lagging behavior exhibited by firms in the US oil industry. Chapter 5 addresses the nature of both real and imagined oil market problems in the US during periods of world oil market transition. (MCW)
Research Organization:
Harvard Univ., Cambridge, MA (USA). Energy and Environmental Policy Center
DOE Contract Number:
AM01-79PE70106
OSTI ID:
6557039
Report Number(s):
DOE/PE/70106-T4
Country of Publication:
United States
Language:
English

Similar Records

Use of political pressure as a policy tool during the 1979 oil-supply crisis. [Monograph]
Book · Wed Dec 31 23:00:00 EST 1980 · OSTI ID:6942833
Impacts of demand dynamics and consumer expectations on world oil prices
Technical Report · Sun Nov 30 23:00:00 EST 1980 · OSTI ID:5373889
Short-term energy outlook
Technical Report · Fri Oct 31 23:00:00 EST 1980 · OSTI ID:6610662

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SHORTAGES
ENERGY SOURCES
ENERGY SUPPLIES
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
GOVERNMENT POLICIES
INDUSTRY
MARKET
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
SHORTAGES
SOCIAL IMPACT
SUPPLY DISRUPTION
USA