The Economic Impact of an Interruption in United States Petroleum Imports: 1975-2000

Abstract

The objective of this paper is to estimate the economic impact of a possible interruption in petroleum imports during the period from 1975 to the year 2000. It begins by incorporating the data of the recent oil embargo into an input-output model of the U.S. economy, in order to assess the economic impact of the interruption in imports. The model will be used as a framework for estimating the impact of all sizes of oil import interruptions, from small interruptions to a complete cutoff of imports. Several different scenarios of petroleum supply and demand are developed; indicating the uncertainties in our energy future, but also reflecting the fact that there are many policy options that can be chosen in order to encourage -- and discourage -- self-sufficiency in energy.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1974
Accession Number
ADA010914

Entities

People

  • Randall G. Holcombe

Organizations

  • Center for Naval Analyses

Tags

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Economic Analysis
  • Economic Impact
  • Economic Models
  • Efficiency
  • Energy Conservation
  • Energy Consumption
  • Fuels
  • Industrial Production
  • Input Output Models
  • Materials Processing
  • Materials Science
  • Middle East
  • Petroleum
  • Public Policy
  • United States

Readers

  • Economics
  • Energy Conservation and Renewable Energy Engineering.