Political Economy of Demand

But lobbyists won industry trying to determing can we

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: oil by 1.7 million bbl per day by 2030. o Café Standards – Carter admin Rural Americans – you’ve got to exempt trucks , can’t force them to be efficient at same rates . SUV are legally trucks, b/c cheaper to manufacture and exempt from café standards. New café standards closed this. Different standards for different cars. Were going to get stricter over time. But lobbyists won. Industry trying to determing – can we make this stop, and they succeeded. New standards will hopefully hold. Public/domestic pressures different. One group tries to innovate do it better/ other tries to get around the rules. Another example: fluorescent light bulbs. Hard for government to set standards, industry comes back with another narrative. Better acceleration in a hybrid vehicle. Taken over nascar, not b/c nascar is energy efficient. o IEA Estimate: US could overtake Saudi Arabia as top producer by 2020, US to become a net exporter by 2030. o ExxonMobil Outlook for Energy estimate: N. America will become a net exporter of oil and natural gas by 2025. North...
View Full Document

This note was uploaded on 01/13/2014 for the course STIA 318 taught by Professor Theresasabonis-helf during the Fall '13 term at Georgetown.

Ask a homework question - tutors are online