Abstract
The premise is that the United States (US) needs a substantial capacity for producing synthetic fuel and, furthermore, the investment itself will have an immediate beneficial effect for the US consumer. This chapter examines the premises and their policy implications. The necessary investment, given the target level of production, is too large and the risks involved too great to be undertaken by the private sector alone. The Carter administration embarked on a large-scale attempt to produce substantial amounts of coal-based synthetic fuels by using investments by the federal government to spur development. The chapter looks at whether the development of synfuels warrants a support program by the federal government, and if so, what is the best way to provide this support? The development of energy sources within the US has been a major policy goal of the US government since the radical change in the price of oil in 1973.
Original language | English |
---|---|
Title of host publication | Profit and the Pursuit of Energy |
Subtitle of host publication | Markets and Regulation |
Publisher | Taylor and Francis |
Pages | 157-178 |
Number of pages | 22 |
ISBN (Electronic) | 9781000236415 |
ISBN (Print) | 9780367284411 |
DOIs | |
State | Published - 1 Jan 2019 |