Cost of Oil Dependence: A 2000 Update Metadata
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Title
- Main Title Cost of Oil Dependence: A 2000 Update
Creator
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Author: Greene, D. L.Creator Type: Personal
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Author: Tishchishyna, N. I.Creator Type: Personal
Contributor
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Sponsor: United States. Department of Energy. Office of Science.Contributor Type: OrganizationContributor Info: USDOE Office of Science (SC) (United States)
Publisher
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Name: Oak Ridge National LaboratoryPlace of Publication: TennesseeAdditional Info: Oak Ridge National Lab., TN (United States)
Date
- Creation: 2000-05-01
Language
- English
Description
- Content Description: Oil dependence remains a potentially serious economic and strategic problem for the United States. This report updates previous estimates of the costs of oil dependence to the U.S. economy and introduces several methodological enhancements. Estimates of the costs to the U.S. economy of the oil market upheavals of the last 30 years are in the vicinity of $7 trillion, present value 1998 dollars, about as large as the sum total of payments on the national debt over the same period. Simply adding up historical costs in 1998 dollars without converting to present value results in a Base Case cost estimate of $3.4 trillion. Sensitivity analysis indicates that cost estimates are sensitive to key parameters. A lower bound estimate of $1.7 trillion and an upper bound of $7.1 trillion (not present value) indicate that the costs of oil dependence have been large under almost any plausible set of assumptions. These cost estimates do not include military, strategic or political costs associated with U.S. and world dependence on oil imports.
- Physical Description: vp.
Subject
- STI Subject Categories: 02 Petroleum
- Keyword: Imports
- Keyword: Economics
- STI Subject Categories: 29 Energy Planning, Policy And Economy
- Keyword: Petroleum
- Keyword: Sensitivity Analysis
- Keyword: Cost Estimation
- Keyword: Market
Source
- Other Information: PBD: 1 May 2000
Collection
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Name: Office of Scientific & Technical Information Technical ReportsCode: OSTI
Institution
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Name: UNT Libraries Government Documents DepartmentCode: UNTGD
Resource Type
- Report
Format
- Text
Identifier
- Report No.: ORNL/TM-2000/152
- Grant Number: AC05-00OR22725
- DOI: 10.2172/763234
- Office of Scientific & Technical Information Report Number: 763234
- Archival Resource Key: ark:/67531/metadc715870
Note
- Display Note: INIS; OSTI as DE00763234