Energy Independence: Would It Free the United States From Oil Price Shocks?

[摘要] Over the past 25-years, the U.S. economy has experienced four large oil price shocks (1973-74, 1979-80, 1990-91, and 1999-2000). Each has been a catalyst for discussions about a proper national energy policy. Many analysts have suggested that energy independence should be an integral part of such a policy. Both major party candidates for president in the 2000 election expressed similar views. However, U.S. suppliers of energy participate in the world energy market. So long as prices are determined in that market, energy independence will not free the United States from oil price shocks.

[发布日期] 2000-11-17 [发布机构] Library of Congress. Congressional Research Service.

[关键词] Energy;Energy efficiency;Petroleum prices;Energy policy