Abstract

http://ssrn.com/abstract=1544606
 
 

Footnotes (46)



 


 



Crude Oil Imports and National Security


Robert M. Ames


Yale Graduates Energy Study Group

Anthony Corridore


Lafarge Corp.; Yale Graduates Energy Study Group

Edward Hirs


University of Houston - Department of Economics; Yale Graduates Energy Study Group; Hillhouse Resources, LLC

Paul W. MacAvoy


Yale School of Management (deceased); Yale Graduates Energy Study Group

February 8, 2010


Abstract:     
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.

Number of Pages in PDF File: 26

Keywords: crude oil, import policy, OPEC, oil supply shock, price spike, embargo, imported crude, oligopoly

JEL Classification: Q4, Q40, Q41, Q42, Q43, Q48


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Date posted: February 9, 2010  

Suggested Citation

Ames, Robert M. and Corridore, Anthony and Hirs, Edward and MacAvoy, Paul W., Crude Oil Imports and National Security (February 8, 2010). Available at SSRN: http://ssrn.com/abstract=1544606 or http://dx.doi.org/10.2139/ssrn.1544606

Contact Information

Robert M. Ames
Yale Graduates Energy Study Group
New Haven, CT 06520
United States
Anthony Corridore
Lafarge Corp. ( email )
United States
Yale Graduates Energy Study Group
New Haven, CT 06520
United States
Edward Hirs (Contact Author)
University of Houston - Department of Economics ( email )
Houston, TX 77204-5882
United States
713-961-9661 (Phone)
Yale Graduates Energy Study Group
New Haven, CT 06520
United States
Hillhouse Resources, LLC
6255 Burgoyne Road
Houston, TX 77057
United States
Paul W. MacAvoy
Yale School of Management (deceased)

Yale Graduates Energy Study Group
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