Congressional Research Service Reports - 656 Matching Results

Search Results

Energy Policy: Conceptual Framework and Continuing Issues

Description: In the spring of 2006, crude oil prices were exceeding $70/barrel (bbl) in response to tight markets and uncertainty over the security of world oil supply. A number of developments have placed additional pressure on world markets, including Hurricanes Katrina and Rita (in late August and late September 2005), the phaseout of the gasoline additive methyl tertiary butyl ether (MTBE) and a renewable fuels mandate, and a continuing high and worldwide demand for oil. Energy policy issues for continuing interest include opening up the Arctic National Wildlife Refuge (ANWR) for leasing; Corporate Average Fuel Economy Standards (CAFE) for passenger vehicles; improving U.S. energy infrastructure, including pipelines and refineries; seeking effective means to promote energy conservation using currently available technologies, and developing new technologies and alternative fuels.
Date: May 11, 2006
Creator: Bamberger, Robert
Partner: UNT Libraries Government Documents Department

Energy Efficiency and the Rebound Effect: Does Increasing Efficiency Decrease Demand?

Description: Intuitively it seems obvious to most observers that increasing energy efficiency will ultimately reduce demand for an energy resource such as electricity. Paradoxically, economic theory suggests that this decrease in demand and subsequent decrease in cost of using the resource could cause a rebound in demand. A commonly cited example is an increase in the efficiency of home air conditioning which may reduce the resident’s monetary incentive to conserve. The resident may opt to change the thermostat setting to keep the amount he pays constant, but living at a more comfortable temperature. When actually measured this “Rebound Effect” is generally acknowledged to lower predicted reductions in electricity demand by 10%-40% depending on the device that is made more efficient.
Date: July 30, 2001
Creator: Gottron, Frank
Partner: UNT Libraries Government Documents Department