Fuel Efficiency Incentives for Cars: Oil Import Vulnerability Reduction

U.S. oil imports have dropped from a peak of 8.9 mbd (million barrels per day) in 1977 (6.2 mbd from OPEC countries) to 5 mbd in 1982. Simultaneously, U. S. demand for oil has dropped from 18.4 mbd to 16 mbd, and our dependency on imports has dropped from 43 percent to 37 percent. Unfortunately, the costs of energy imports continued to climb, from $8 billion in 1973 to $44 billion in 1977 to $81 billion in 1981 (Department of Energy [DOE], 1982).

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Year of publication:	1984
Authors:	Craig, Paul P.
Published in:	The Energy Journal. - International Association for Energy Economics - IAEE, ISSN 0195-6574. - Vol. Volume 5.1984, Number 1, p. 141-148
Publisher:	International Association for Energy Economics - IAEE

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Extent:	text/html
Type of publication:	Article
Classification:	F0 - International Economics. General
Source:	RePEc - Research Papers in Economics

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