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The cost of transportation`s oil dependence

Description: Transportation is critical to the world`s oil dependence problem because of the large share of world oil it consumes and because of its intense dependence on oil. This paper will focus on the economic costs of transportation`s oil dependence.
Date: May 1, 1995
Creator: Greene, D.L.
Partner: UNT Libraries Government Documents Department

The Social Costs to the U.S. of Monopolization of the World Oil Market, 1972-1991

Description: The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the U.S. over the period 1972-1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the U.S. and other consuming nations could, through collective (social) action affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972-1991 period to a hypothetical ''more competitive'' world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing U.S. oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US. oil consumers to foreign oil producers and, by increasing the economic scarcity of oil, reduces the economy's potential to produce. The actions of the OPEC Cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy's inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972-1991 period are put at $4.1 trillion in 1990$ ($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US's primary ...
Date: January 1, 1993
Creator: Greene, D.L.
Partner: UNT Libraries Government Documents Department

U.S.-Mexico Security Cooperation After "El Chapo" Guzmán's January 2016 Recapture

Description: This report discusses relations between the U.S. and Mexico following the escape and recapture of Joaquín "El Chapo" Guzmán from a maximum security federal prison near Mexico City in July 2015. One key concern for U.S. policymakers is whether the Mexican government will be able to hold Guzmán securely in the same prison from which he escaped and then extradite him swiftly to the United States--a source of tension in U.S.-Mexican relations. Another is whether Guzmán's recapture, which was supported by U.S. intelligence, will lead to closer security cooperation moving forward.
Date: January 13, 2016
Creator: Beittel, June S. & Ribando Seelke, Clare
Partner: UNT Libraries Government Documents Department

25. anniversary of the 1973 oil embargo: Energy trends since the first major U.S. energy crisis

Description: The purpose of this publication is not to assess the causes of the 1973 energy crisis or the measures that were adopted to resolve it. The intent is to present some data on which such analyses can be based. Many of the trends presented here fall into two distinct periods. From 1973 to the mid-1980`s, prices continued at very high levels, in part because of a second oil shock in 1979--80. During this period, rapid progress was made in raising American oil production, reducing dependence on oil imports, and improving end-use efficiency. After the oil price collapse of the mid-1980`s, however, prices retreated to more moderate levels, the pace of efficiency gains slowed, American oil production fell, and the share of imports rose. 30 figs.
Date: August 1, 1998
Partner: UNT Libraries Government Documents Department