Regional impacts of rising energy prices
The United States has survived the oil embargo of 1973 and appears to be adjusting to the dramatically higher prices for fossil fuels, which the embargo and other actions by the Organization of Petroleum Exporting Countries has engendered. The basic hypothesis of this study was that the new structure of energy prices, and future energy price increases, would have differential regional impacts in the United States. Consumers in all regions would, of course, pay more for energy. But energy-producing states, it was hypothesized, would benefit, while energy-consuming states would be adversely affected by the new price structure. It is still not possible to provide definitive proof that energy-producing states are gaining in economic well-being vis-a-vis energy-consuming states, but some indicators are evaluated to show that this is so. After an introduction and summary by Miernyk, he provides in Chapters 2, 3, and 4 an overview of the energy problem, the energy situation specifically in the Northeast, and reasonable estimates of the windfall gains enjoyed by the energy sectors and by energy-producing states between 1967 and 1974. In Chapter 5, Miernyk discusses energy prices in context of the Clark-Fisher development model. Chapter 6, by Frank Giarratani, explores the application of an input-output supply model to energy issues. The final chapter, by Giarratani and Charles F. Socher, deals with the pattern of industrial location under rising energy prices. It presents a brief discussion of the classical theory of location. The concept of income potential is then discussed, and state income potentials for 1970 and 1974 are calculated. (MCW)
- OSTI ID:
- 6713129
- Country of Publication:
- United States
- Language:
- English
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POLICY AND ECONOMY
ENERGY POLICY
ENERGY SUPPLIES
CHARGES
REGIONAL ANALYSIS
USA
AVAILABILITY
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
ENERGY CONSUMPTION
ENERGY SHORTAGES
ENERGY SOURCES
INDUSTRY
INPUT-OUTPUT ANALYSIS
PRODUCTION
SITE SELECTION
ECONOMIC ANALYSIS
ECONOMICS
GOVERNMENT POLICIES
NORTH AMERICA
290200* - Energy Planning & Policy- Economics & Sociology
293000 - Energy Planning & Policy- Policy
Legislation
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