The Challenge of High Priced Oil

Natural Resources and Environment, Vol. 20, 2005

3 Pages Posted: 14 Nov 2012  

David Hodas

Widener University - Delaware Law School

Date Written: 2005

Abstract

My thesis is that the conventional notion that the United States or any other nation can improve its economic output by following a high intensity, low efficiency fossil fuel development path is no longer viable. I suggest that to reject this statement is akin to believing, as in the fable, that the naked emperor is clothed. World market conditions and long term energy trends do not support any reasonable expectation that oil prices will appreciably drop for any sustained period of time. On the contrary, all indications point to a steady, inevitable rise, interrupted by short term, possibly extreme, price spikes, followed by modest price drops.

Keywords: oil prices, energy, environmental law

JEL Classification: K32, Q40

Suggested Citation

Hodas, David, The Challenge of High Priced Oil (2005). Natural Resources and Environment, Vol. 20, 2005. Available at SSRN: https://ssrn.com/abstract=2150233

David Hodas (Contact Author)

Widener University - Delaware Law School ( email )

4601 Concord Pike
Wilmington, DE 19803-0406
United States
302 477 2186 (Phone)

Paper statistics

Downloads
21
Abstract Views
157