TITLE

Beyond the Gulf Crisis: An Energy Strategy for the '90s

AUTHOR(S)
Flavin, Christopher
PUB. DATE
November 1990
SOURCE
Challenge (05775132);Nov/Dec90, Vol. 33 Issue 6, p4
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article stresses that a strong national energy policy focusing on greater rule efficiency would alone reduce the U.S. oil dependence on Gulf countries. According to the author, the U.S. bears considerable responsibility for the deterioration in the world oil picture. Throughout the 80's, U.S. president Ronald Reagan sought to eliminate virtually every government program aimed at reducing oil dependence. From the mid-'70s until 1986, the U.S. energy situation improved considerably, under the dual influence of high oil prices and an array of policies designed to do everything from weatherizing buildings to commercializing alcohol fuels. As a result, the U.S. economy has grown by 50 percent since 1973, while energy use has increased by less than 7 percent. The U.S. economy is nearly 30 percent more energy-efficient than it was in 1973, which has made it possible to cut the national fuel bill by $150 billion annually. During the past five years, U.S. oil consumption has risen rapidly, and import dependence has again grown to nearly nine million barrels per day. The decline in domestic U.S. oil production is a major factor in this deterioration.
ACCESSION #
9101282452

 

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