Electricity demand in the United States declined in 1974 after over twenty years of sustained growth. By 1976, the growth rate was back up to 5 percent, but since then it has eroded steadily, with demand in 1982 slightly less than in 1981. This paper provides a simple way to understand these...

Projections of the future demand for electricitypublished annually since 1974 by the North American Electric Reliability Council (NERC) have proved in retrospect to have been too high and the projected growth rate has been revised downward each year. Should forecasters have been able to do a...

This paper focuses on the impacts of changes in world energy prices on an energy-importing economy such as the United States. To this end, we use a simple energy-economy model developed by Sweeney [7] and having affinities to the earlier work of Hogan and Manne [5]. This model takes explicit...

This paper explores the incentives for participation in international CO2 control agreements using tradable emission permits. We employ a welfare analysis in a two-region model to explore these incentives. The two regions are Annex-I (A-I) and Non-Annex I (Non-A-I). A key insight underlying the...

Several circumstances could lead to deep and extended interruptions of the world's supply of oil during the 1980s. The range of potential interruptions includes those on the scale experienced in 1973-74 and 1979-80 but is not limited to them. Much deeper and longer interruptions may occur or be...