Project Independence Report: An Appraisal of Energy Needs up to 1985

Jerry Hausman

Bell Journal of Economics, 1975, vol. 6, issue 2, 517-551

Abstract: The key question which the Federal Energy Administration's Project Independence Report attempts to answer is the level of U.S. oil imports under different world oil prices. The three essential components of the model which produces the forecasts -- oil and natural gas supply, energy demand, and the integrating model -- are discussed and their potential biases identified. The paper concludes that national gas supply is likely to be higher than the model forecasts, while serious faults exist in the demand model which finds natural gas and oil products to be complements. In a deregulated BTU equilibrium, these biases lead to a more pessimistic forecast of U.S. imports by 1985 than may actually occur.

Date: 1975
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819752 ... O%3B2-C&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:6:y:1975:i:autumn:p:517-551

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().