The frequently controversial Federal Automotive Fuel Economy Standards (a.k.a. Corporate Average Fuel Economy (CAFE) standards) have in fact been a notable success. This paper attempts to explain why the CAFE standards have been such a successful energy policy. It begins by demonstrating that...

This report presents a risk analysis of world conventional oil resource production, depletion, expansion, and a possible transition to unconventional oil resources such as oil sands, heavy oil and shale oil over the period 2000 to 2050. Risk analysis uses Monte Carlo simulation methods to...

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The U.S. economy appears to be...