Imported Oil

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Stephen P. A. Brown - One of the best experts on this subject based on the ideXlab platform.

  • New estimates of the security costs of U.S. Oil consumption
    Energy Policy, 2018
    Co-Authors: Stephen P. A. Brown
    Abstract:

    Abstract In recent years, the United States has become much more self-reliant in producing Oil, and a newer economics literature suggests that Oil demand may be more elastic and U.S. GDP may be less sensitive to world Oil price shocks than was previously estimated. These developments suggest somewhat lower security costs may be associated with U.S. Oil consumption. This analysis provides updated estimates of the security premiums for U.S. consumption of Imported Oil, U.S. consumption of domestically produced Oil, and the substitution of Imported Oil for domestically produced Oil. Estimates of the expected security costs of U.S. Oil consumption are provided over the time horizon from 2015 to 2040, while taking into account projected world Oil market conditions, the probabilities and sizes of world Oil supply disruptions, the response of world Oil prices to those supply disruptions, and the response of U.S. real GDP to those Oil price shocks. The estimated Oil security premiums suggest that U.S. Oil security has become less of a policy concern.

  • Evaluating U.S. Oil security and import reliance
    Energy Policy, 2015
    Co-Authors: Stephen P. A. Brown, Hillard G. Huntington
    Abstract:

    Abstract We examine the literature that considers the consequences of U.S. reliance on Imported Oil. We take an approach that covers many ideas about the costs arising from U.S. reliance on Imported Oil, and we identify which of those ideas have broad support in the economics literature and which ideas have only limited support. We also quantify the costs of U.S. reliance on Imported Oil using two approaches. One is fairly narrow, conforms to the economics view of externalities, and yields small cost estimates. The other is relatively expansive, is favored by some policy analysts, and yields much larger cost estimates. We estimate these costs as expected U.S. economic losses over a time horizon from 2010 through 2035, while taking into account world Oil market conditions, market power, probable Oil supply disruptions, and the Oil-market response to those supply disruptions.

Hillard G. Huntington - One of the best experts on this subject based on the ideXlab platform.

  • Evaluating U.S. Oil security and import reliance
    Energy Policy, 2015
    Co-Authors: Stephen P. A. Brown, Hillard G. Huntington
    Abstract:

    Abstract We examine the literature that considers the consequences of U.S. reliance on Imported Oil. We take an approach that covers many ideas about the costs arising from U.S. reliance on Imported Oil, and we identify which of those ideas have broad support in the economics literature and which ideas have only limited support. We also quantify the costs of U.S. reliance on Imported Oil using two approaches. One is fairly narrow, conforms to the economics view of externalities, and yields small cost estimates. The other is relatively expansive, is favored by some policy analysts, and yields much larger cost estimates. We estimate these costs as expected U.S. economic losses over a time horizon from 2010 through 2035, while taking into account world Oil market conditions, market power, probable Oil supply disruptions, and the Oil-market response to those supply disruptions.

Tugrul R Ogulata - One of the best experts on this subject based on the ideXlab platform.

  • energy sector and wind energy potential in turkey
    Renewable & Sustainable Energy Reviews, 2003
    Co-Authors: Tugrul R Ogulata
    Abstract:

    Turkey has very limited indigenous energy resources and has to import around 65% of primary energy to meet her needs. It is a large importer of primary energy despite having ample renewable energy sources. Turkey's vibrant economy has led to increased energy demand in recent years. This situation is expected to continue in the near future because its economy is dependent mainly on Imported Oil, natural gas and electricity. This paper presents the prevailing and the expected energy situation and energy demand. Wind energy potential in Turkey is also discussed.

Keith Crane - One of the best experts on this subject based on the ideXlab platform.

  • Imported Oil and U.S. Security
    2009
    Co-Authors: Keith Crane, Andreas Goldthau, Michael Toman
    Abstract:

    In 2007, on a net basis, the United States Imported 58 percent of the Oil it consumed. This book critically evaluates commonly suggested links between these Oil imports and U.S. national security. The major risk to the United States posed by reliance on Oil is the economic costs of a major disruption in global Oil supplies. On the other hand, the study found no evidence that Oil exporters have been able to use embargoes or threats of embargoes to achieve key political and foreign policy goals. Oil revenues are irrelevant for terrorist groups' ability to launch attacks. The study also assesses the economic, political, and military costs and benefits of potential policies to alleviate challenges to U.S. national security linked to Imported Oil.

  • Imported Oil and U.S. National Security
    2009
    Co-Authors: Keith Crane, Andreas Goldthau, Michael Toman, Thomas Light, Stuart E Johnson, Alireza Nader, Angel Rabasa, Harun Dogo
    Abstract:

    Abstract : In 2007, on a net basis, the United States Imported 58 percent of the Oil it consumed. This monograph critically evaluates commonly suggested links between these Oil imports and U.S. national security. The major risks to the United States posed by its reliance on foreign Oil are the economic costs of a major disruption in global Oil supplies. On the other hand, the study found no evidence that Oil exporters have been able to use embargoes or threats of embargoes to achieve key political and foreign policy goals. Oil revenues are irrelevant for terrorist groups' ability to launch attacks. The study also assesses the economic, political, and military costs and benefits of potential policies to alleviate challenges to U.S. national security linked to Imported Oil. Of these measures, the adoption of the following energy policies by the U.S. Government would most effectively reduce the costs to U.S. national security of importing Oil: (1) Support well-functioning Oil markets and refrain from imposing price controls or rationing during times of severe disruptions in supply; (2) Initiate a high-level review of prohibitions on exploring and developing new Oil fields in restricted areas to provide policy makers and stakeholders with up-to-date and unbiased information on both economic benefits and environmental risks from relaxing those restrictions; (3) Ensure that licensing and permitting procedures and environmental standards for developing and producing Oil and Oil substitutes are clear, efficient, balanced in addressing both costs and benefits, and transparent; (4) Impose an excise tax on Oil to increase fuel economy and soften growth in demand for Oil; and (5) Provide more U.S. Government funding for research on improving the efficiency with which the U.S. economy uses Oil and competing forms of energy.

  • Does Imported Oil Threaten U.S. National Security
    2009
    Co-Authors: Keith Crane, Andreas Goldthau, Michael Toman, Thomas Light, Stuart E Johnson, Alireza Nader, Angel Rabasa, Harun Dogo
    Abstract:

    U.S. reliance on Oil risks the economic costs of disruption in global Oil supplies. The United States would reduce the national security costs of importing Oil by supporting well-functioning Oil markets and imposing an Oil excise tax.

Harun Dogo - One of the best experts on this subject based on the ideXlab platform.

  • Imported Oil and U.S. National Security
    2009
    Co-Authors: Keith Crane, Andreas Goldthau, Michael Toman, Thomas Light, Stuart E Johnson, Alireza Nader, Angel Rabasa, Harun Dogo
    Abstract:

    Abstract : In 2007, on a net basis, the United States Imported 58 percent of the Oil it consumed. This monograph critically evaluates commonly suggested links between these Oil imports and U.S. national security. The major risks to the United States posed by its reliance on foreign Oil are the economic costs of a major disruption in global Oil supplies. On the other hand, the study found no evidence that Oil exporters have been able to use embargoes or threats of embargoes to achieve key political and foreign policy goals. Oil revenues are irrelevant for terrorist groups' ability to launch attacks. The study also assesses the economic, political, and military costs and benefits of potential policies to alleviate challenges to U.S. national security linked to Imported Oil. Of these measures, the adoption of the following energy policies by the U.S. Government would most effectively reduce the costs to U.S. national security of importing Oil: (1) Support well-functioning Oil markets and refrain from imposing price controls or rationing during times of severe disruptions in supply; (2) Initiate a high-level review of prohibitions on exploring and developing new Oil fields in restricted areas to provide policy makers and stakeholders with up-to-date and unbiased information on both economic benefits and environmental risks from relaxing those restrictions; (3) Ensure that licensing and permitting procedures and environmental standards for developing and producing Oil and Oil substitutes are clear, efficient, balanced in addressing both costs and benefits, and transparent; (4) Impose an excise tax on Oil to increase fuel economy and soften growth in demand for Oil; and (5) Provide more U.S. Government funding for research on improving the efficiency with which the U.S. economy uses Oil and competing forms of energy.

  • Does Imported Oil Threaten U.S. National Security
    2009
    Co-Authors: Keith Crane, Andreas Goldthau, Michael Toman, Thomas Light, Stuart E Johnson, Alireza Nader, Angel Rabasa, Harun Dogo
    Abstract:

    U.S. reliance on Oil risks the economic costs of disruption in global Oil supplies. The United States would reduce the national security costs of importing Oil by supporting well-functioning Oil markets and imposing an Oil excise tax.