Abstract
High degree forward linkages created by oil and natural gas consumption was sufficient "justification" to regulate energy prices. The "welfare triangle" was artificially enlarged, and the economy as a whole indeed reaped benefits therefrom. It was workable, then. But the economy has since been experiencing macroeconomic dislocations. To avoid future payments of current policy mistakes, to ensure continued and steady economic growth, and to assure future energy adequacy/ abundance, enhanced investment incentives are rational imperatives that merit serious consideration.
Recommended Citation
Shen, Raphael, "Economics, Politics and the Future Supply of Energy Sources" (1980). UMR-MEC Conference on Energy / UMR-DNR Conference on Energy. 240, pp. 244-250.
https://scholarsmine.mst.edu/umr-mec/240
Meeting Name
7th Annual UMR-MEC Conference on Energy (1980: Oct. 14-16, Rolla, MO)
Document Type
Article - Conference proceedings
Session
Political & Social
Document Version
Final Version
File Type
text
Language(s)
English
Rights
© 1980 University of Missouri--Rolla, All rights reserved.
Publication Date
16 Oct 1980
