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Oil Drilling and Automobile Fuel Economy: The Relative Impact on Oil Prices

Author

Listed:
  • Dean Baker
  • Matthew Sherman

Abstract

This issue brief compares projected savings from drilling in presently restricted offshore zones, savings under the Energy Independence and Security Act of 2007, and the projected savings from the fuel efficiency schedule proposed by Senator Obama. The issue brief projects savings through 2027, the year in which offshore drilling would reach peak capacity.

Suggested Citation

  • Dean Baker & Matthew Sherman, 2008. "Oil Drilling and Automobile Fuel Economy: The Relative Impact on Oil Prices," CEPR Reports and Issue Briefs 2008-25, Center for Economic and Policy Research (CEPR).
    • Handle: RePEc:epo:papers:2008-25
    as

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    File URL: http://www.cepr.net/documents/publications/fuel_economy_2008_09.pdf
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    More about this item

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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