Energy-supply interruptions and national security
Journal Article
·
· Science; (United States)
Vulnerability to oil-supply interruptions poses serious threats to the US economy and the life-style of its citizens. The Iranian cutbacks in 1979 resulted in price increases of 120% in one year and gasoline lines across the country. Creation and use of ample public and private stocks could moderate price increases after another interruption and prevent disruption of supplies. The author feels that use of the marketplace to allocate shortages, coupled with rebates to cushion blows to the economy and hardship to individuals, would be eminently more efficient than government-allocation programs. International cooperation, through coordination of stock buildup and withdrawal, could mitigate the damage from oil disruptions among all the Western nations. 9 references.
- Research Organization:
- Harvard Univ., Cambridge, MA
- OSTI ID:
- 6612381
- Journal Information:
- Science; (United States), Journal Name: Science; (United States) Vol. 211:4489; ISSN SCIEA
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
ALLOCATIONS
COOPERATION
ECONOMIC IMPACT
EMERGENCY PLANS
ENERGY POLICY
ENERGY SHORTAGES
ENERGY SOURCES
ENERGY SUPPLIES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
NATIONAL SECURITY
NORTH AMERICA
PETROLEUM
SECURITY
SHORTAGES
STOCKPILES
SUPPLY DISRUPTION
USA
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
ALLOCATIONS
COOPERATION
ECONOMIC IMPACT
EMERGENCY PLANS
ENERGY POLICY
ENERGY SHORTAGES
ENERGY SOURCES
ENERGY SUPPLIES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL COOPERATION
NATIONAL SECURITY
NORTH AMERICA
PETROLEUM
SECURITY
SHORTAGES
STOCKPILES
SUPPLY DISRUPTION
USA