Abstract
One of the major themes developed in this report is that the way in which energy systems develop is not always, indeed not usually, done in accordance with any economic logic. As an extension of this, we also place considerable emphasis on the fact that energy policy decisions which are taken on the basis of the political wisdom of one era have a nasty habit of exerting their main force in quite another. It is clear, for example, that the massive surplus of fuel producing capacity, which developed in OECD Europe following the OPEC induced oil price rises of 1974 and 1979, have played a key role in the way natural gas has been pushed in the early 1990s. Some analysts suggest, that even though there is a complex of questions which may be asked, there is, nonetheless, One Big Answer. It is the belief that market forces will provide the most efficient guide to the maze and that any attempt to second guess the market will only lead to confusion and, if taken in any way seriously, economic damage. It is as a response to this position that the other major theme which runs through this report is a
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Citation Formats
Prior, M.
European energy policy and environmental objectives in the 1990s.
Sweden: N. p.,
1993.
Web.
Prior, M.
European energy policy and environmental objectives in the 1990s.
Sweden.
Prior, M.
1993.
"European energy policy and environmental objectives in the 1990s."
Sweden.
@misc{etde_10129965,
title = {European energy policy and environmental objectives in the 1990s}
author = {Prior, M}
abstractNote = {One of the major themes developed in this report is that the way in which energy systems develop is not always, indeed not usually, done in accordance with any economic logic. As an extension of this, we also place considerable emphasis on the fact that energy policy decisions which are taken on the basis of the political wisdom of one era have a nasty habit of exerting their main force in quite another. It is clear, for example, that the massive surplus of fuel producing capacity, which developed in OECD Europe following the OPEC induced oil price rises of 1974 and 1979, have played a key role in the way natural gas has been pushed in the early 1990s. Some analysts suggest, that even though there is a complex of questions which may be asked, there is, nonetheless, One Big Answer. It is the belief that market forces will provide the most efficient guide to the maze and that any attempt to second guess the market will only lead to confusion and, if taken in any way seriously, economic damage. It is as a response to this position that the other major theme which runs through this report is a continual questioning as to whether market forces, as they currently operate, can really be expected to provide economically efficient solutions to the meeting of environmental objectives}
place = {Sweden}
year = {1993}
month = {Dec}
}
title = {European energy policy and environmental objectives in the 1990s}
author = {Prior, M}
abstractNote = {One of the major themes developed in this report is that the way in which energy systems develop is not always, indeed not usually, done in accordance with any economic logic. As an extension of this, we also place considerable emphasis on the fact that energy policy decisions which are taken on the basis of the political wisdom of one era have a nasty habit of exerting their main force in quite another. It is clear, for example, that the massive surplus of fuel producing capacity, which developed in OECD Europe following the OPEC induced oil price rises of 1974 and 1979, have played a key role in the way natural gas has been pushed in the early 1990s. Some analysts suggest, that even though there is a complex of questions which may be asked, there is, nonetheless, One Big Answer. It is the belief that market forces will provide the most efficient guide to the maze and that any attempt to second guess the market will only lead to confusion and, if taken in any way seriously, economic damage. It is as a response to this position that the other major theme which runs through this report is a continual questioning as to whether market forces, as they currently operate, can really be expected to provide economically efficient solutions to the meeting of environmental objectives}
place = {Sweden}
year = {1993}
month = {Dec}
}