Impact of the Iranian shortfall in the USA

Journal Article · Sun Jun 01 04:00:00 EDT 1980 · Energy Policy; (United States)

DOI:https://doi.org/10.1016/0301-4215(80)90004-X· OSTI ID:6770157

Hiraoka, L S

The chaotic reaction in the USA to curtailed exports of crude oil from Iran following the downfall of the Shah exposed the vulnerability of the distribution system to shifts in production. Although US dependence on Iranian supply was not large, domestic refining and production activity was highly correlated with imports from that country. The integrated nature of the international petroleum industry, together with minimum inventories and subsequent conservative refinery runs, brought the shortfall, unexpectedly, to some regions like the west coast. Though active in the ensuing gasoline crisis, the oil companies and the Federal government were unable to deal with the emergency effectively. 2 tables.

• Research Organization: Kean College of New Jersey, Union
• OSTI ID: 6770157
• Journal Information: Energy Policy; (United States), Journal Name: Energy Policy; (United States) Vol. 8:2; ISSN ENPYA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ASIA
DEVELOPING COUNTRIES
ECONOMIC IMPACT
EMERGENCY PLANS
ENERGY SOURCES
FOSSIL FUELS
FUELS
INDUSTRY
IRAN
MIDDLE EAST
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
SUPPLY DISRUPTION
USA
VULNERABILITY