The economics of allowing more U.S. oil drilling

This paper examines the likely impact of developing U.S. energy resources on oil prices. In addition, we examine the benefits and costs of allowing drilling in the Arctic National Wildlife Refuge and the areas of the Outer Continental Shelf that were until recently closed to drilling. We find that a...

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Bibliographic Details
Main Authors: Hahn, Robert, Passell, Peter
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Arctic
Online Access:http://www.sciencedirect.com/science/article/pii/S0140-9883(09)00246-1
id ftrepec:oai:RePEc:eee:eneeco:v:32:y:2010:i:3:p:638-650
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spelling ftrepec:oai:RePEc:eee:eneeco:v:32:y:2010:i:3:p:638-650 2024-04-14T08:07:32+00:00 The economics of allowing more U.S. oil drilling Hahn, Robert Passell, Peter http://www.sciencedirect.com/science/article/pii/S0140-9883(09)00246-1 unknown http://www.sciencedirect.com/science/article/pii/S0140-9883(09)00246-1 article ftrepec 2024-03-19T10:31:10Z This paper examines the likely impact of developing U.S. energy resources on oil prices. In addition, we examine the benefits and costs of allowing drilling in the Arctic National Wildlife Refuge and the areas of the Outer Continental Shelf that were until recently closed to drilling. We find that allowing oil drilling in ANWR and the off-limits OCS would be likely to have a very modest impact on oil prices--on the order of 1%. However, a benefit-cost analysis of developing ANWR and off-limits OCS suggests that the benefits are likely to exceed the costs. Energy economics Environmental economics Resource economics Oil Article in Journal/Newspaper Arctic RePEc (Research Papers in Economics) Arctic
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description This paper examines the likely impact of developing U.S. energy resources on oil prices. In addition, we examine the benefits and costs of allowing drilling in the Arctic National Wildlife Refuge and the areas of the Outer Continental Shelf that were until recently closed to drilling. We find that allowing oil drilling in ANWR and the off-limits OCS would be likely to have a very modest impact on oil prices--on the order of 1%. However, a benefit-cost analysis of developing ANWR and off-limits OCS suggests that the benefits are likely to exceed the costs. Energy economics Environmental economics Resource economics Oil
format Article in Journal/Newspaper
author Hahn, Robert
Passell, Peter
spellingShingle Hahn, Robert
Passell, Peter
The economics of allowing more U.S. oil drilling
author_facet Hahn, Robert
Passell, Peter
author_sort Hahn, Robert
title The economics of allowing more U.S. oil drilling
title_short The economics of allowing more U.S. oil drilling
title_full The economics of allowing more U.S. oil drilling
title_fullStr The economics of allowing more U.S. oil drilling
title_full_unstemmed The economics of allowing more U.S. oil drilling
title_sort economics of allowing more u.s. oil drilling
url http://www.sciencedirect.com/science/article/pii/S0140-9883(09)00246-1
geographic Arctic
geographic_facet Arctic
genre Arctic
genre_facet Arctic
op_relation http://www.sciencedirect.com/science/article/pii/S0140-9883(09)00246-1
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