U.S. energy policy during the 1990s
This essay discusses U.S. energy policy and the associated evolution of energy supply, energy demand, energy prices and the industrial organization of the domestic energy industries during the period 1991 through 2000. This period covers the last two years of the George H. W. Bush administration and...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/44976 |
| _version_ | 1826211661677068288 |
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| author | Joskow, Paul L. |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Joskow, Paul L. |
| author_sort | Joskow, Paul L. |
| collection | MIT |
| description | This essay discusses U.S. energy policy and the associated evolution of energy supply, energy demand, energy prices and the industrial organization of the domestic energy industries during the period 1991 through 2000. This period covers the last two years of the George H. W. Bush administration and the entire Clinton administration. It begins with an "energy crisis" stimulated by the invasion of Kuwait and the subsequent Gulf War and ends with an "energy crisis" caused by significant increases in oil and, especially, natural gas prices, the collapse of California's new competitive electricity markets and the threat of electricity shortages throughout the Western U.S. Both "energy crises" led the sitting Presidents' administrations to develop national energy strategies and to try to convince Congress to enact comprehensive energy legislation to implement them. Neither "energy crisis" had the severe economic impact or led to the kinds of dramatic, and often ill-conceived, policy responses observed following the two oil shocks of the 1970s. The 1990-91 "energy crisis" was short-lived and interest in energy policy soon faded. It would not be surprising if the latest "energy crisis" follows a similar course. |
| first_indexed | 2024-09-23T15:09:31Z |
| format | Working Paper |
| id | mit-1721.1/44976 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T15:09:31Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/449762019-04-12T09:55:40Z U.S. energy policy during the 1990s Joskow, Paul L. Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. This essay discusses U.S. energy policy and the associated evolution of energy supply, energy demand, energy prices and the industrial organization of the domestic energy industries during the period 1991 through 2000. This period covers the last two years of the George H. W. Bush administration and the entire Clinton administration. It begins with an "energy crisis" stimulated by the invasion of Kuwait and the subsequent Gulf War and ends with an "energy crisis" caused by significant increases in oil and, especially, natural gas prices, the collapse of California's new competitive electricity markets and the threat of electricity shortages throughout the Western U.S. Both "energy crises" led the sitting Presidents' administrations to develop national energy strategies and to try to convince Congress to enact comprehensive energy legislation to implement them. Neither "energy crisis" had the severe economic impact or led to the kinds of dramatic, and often ill-conceived, policy responses observed following the two oil shocks of the 1970s. The 1990-91 "energy crisis" was short-lived and interest in energy policy soon faded. It would not be surprising if the latest "energy crisis" follows a similar course. Supported by the MIT Center for Energy and Environmental Policy Research. 2009-04-03T17:04:44Z 2009-04-03T17:04:44Z 2001 Working Paper 2001-004 http://hdl.handle.net/1721.1/44976 52313826 MIT-CEEPR (Series) ; 01-004WP. 64, [4] p., [37] p. of plates application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Joskow, Paul L. U.S. energy policy during the 1990s |
| title | U.S. energy policy during the 1990s |
| title_full | U.S. energy policy during the 1990s |
| title_fullStr | U.S. energy policy during the 1990s |
| title_full_unstemmed | U.S. energy policy during the 1990s |
| title_short | U.S. energy policy during the 1990s |
| title_sort | u s energy policy during the 1990s |
| url | http://hdl.handle.net/1721.1/44976 |
| work_keys_str_mv | AT joskowpaull usenergypolicyduringthe1990s |