Behavioral and Social Aspects of Energy Consumption and Production Preliminary Report (1982) / Chapter Skim
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Pages 55-67
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From page 55... ...
This much is obvious and a proper cause for concern. What is not so obvious is that oil vulnerability results in many dilemmas.
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From page 56... ...
Another reason that the United States has not been building up the strategic petroleum reserve is that Saudi Arabia warned us not to (Stobaugh and Yergin, 1979, p.
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3. The Public Interest Dilemma: The more widespread the potential harm of oil vulnerability, the less focused are the pressures to deal with it in advance.
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From page 58... ...
Of course, energy efficiency reduces energy use before the crisis ever begins and this helps reduce the need for oil imports in the first place. And reduced energy use
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The equity dilemma can be alleviated in several ways. First, the preparations can be centralized, as in a national petroleum reserve.
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The more emphasis there is on providing warning of the onset of a major crisis, the more likely that there will Energy efficiency 4A good case study based on the experience of electricity rationing in Los Angeles in 1973-1974 is Acton et al.
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From page 61... ...
Thus for end-users to purchase storage capacity in anticipation of a crisis can be destabilizing if the storage capacity is not kept nearly full. The problem would be amplified if the federal government undertook a crash program to build up the strategic petroleum reserve when a crisis appeared imminent.
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From page 62... ...
The demand side may cause a run-up and collapse of prices before the import shortfall is directly felt. If so, then the falling prices may be misinterpreted as indicating that the supply shortage was a false alarm and that painful emergency measures are unwarranted.
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From page 63... ...
J 63 part of the refined product, gasoline, leads to the same protection dilemma.
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From page 64... ...
But leaders are in fact constrained by the capabilities that are actually available. For example, opting to use the strategic petroleum reserve to alleviate the worst of a crisis in the first few weeks will require a very large pumping capacity.
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From page 65... ...
Understanding the dilemmas of oil vulnerability will not make the dilemmas go away, but it can help us to appreciate better the consequences of the choices. REFERENCES Acton, Jan Paul, Graubard, M
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From page 66... ...
False alarms: the effect on fear and adjustment.
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