U.S. energy policy

by Douglas R. Bohi

The development of energy shortages during the past few years, highlighted by the Arab oil embargo, has prompted the United States to consider increased energy self-sufficiency an important domestic policy aim. In what we are placing before the reader now the focus is on the role that oil imports might play in the foreseeable future (one uses that word with increasing caution, having experienced the scope and sudden impact of the unforeseeable!). Perhaps the core of the analysis is an attempt to put some flesh on the bones of the skeleton called "the future of OPEC." It is the thesis of this work that energy policy should focus on two goals: energy security and an optimal level of energy consumption. - Publisher.