CALL FOR PROPOSALS:

ORGANIZERS

  • Harvey Thorleifson, Chair
    Minnesota Geological Survey
  • Carrie Jennings, Vice Chair
    Minnesota Geological Survey
  • David Bush, Technical Program Chair
    University of West Georgia
  • Jim Miller, Field Trip Chair
    University of Minnesota Duluth
  • Curtis M. Hudak, Sponsorship Chair
    Foth Infrastructure & Environment, LLC

 

Paper No. 4
Presentation Time: 2:15 PM

CRUDE IMPORTS AND NATIONAL SECURITY


AMES, Robert M., Yale Graduates Energy Study Group, Fayetteville, AR 72703, CORRIDORE, Anthony C., Yale Graduates Energy Study Group, Leawood, KS 66209, HIRS III, Edward A., Yale Graduates Energy Study Group, Houston, TX 77057 and MACAVOY, Paul W., Yale Graduates Energy Study Group, Sarasota, FL 34234, edhirs@aya.yale.edu

The authors demonstrate that the United States profits handsomely in all circumstances by imposing an embargo on imports of foreign crude oil. The US removes its exposure to foreign oil supply shocks and recovers deadweight lost producers surplus. The embargo plan will lead to greater domestic production of crude oil and alternative fuels without the tax and subsidy schemes heretofore employed.
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