Cost of Oil Dependence: A 2000 Update Metadata

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Title

  • Main Title Cost of Oil Dependence: A 2000 Update

Creator

  • Author: Greene, D. L.
    Creator Type: Personal
  • Author: Tishchishyna, N. I.
    Creator Type: Personal

Contributor

  • Sponsor: United States. Department of Energy. Office of Science.
    Contributor Type: Organization
    Contributor Info: USDOE Office of Science (SC) (United States)

Publisher

  • Name: Oak Ridge National Laboratory
    Place of Publication: Tennessee
    Additional 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

  • Name: Office of Scientific & Technical Information Technical Reports
    Code: OSTI

Institution

  • Name: UNT Libraries Government Documents Department
    Code: 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
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