The good performance of energy markets during the seven or eight years following the Gulf War masked many continuing and emerging energy policy challenges that derive from larger domestic and foreign policy issues. The changes in world oil, domestic natural gas, and electricity markets in 1999 and especially 2000 likely reflect the effects of ignoring some of these challenges.
United States Energy Policy during the 1990s
Paul L. Joskow is Elizabeth and James Killian Professor of Economics and Management at the Massachusetts Institute of Technology and director of the MIT Center for Energy and Environmental Policy Research, from which he gratefully acknowledges financial support for this project. This essay is adapted from a paper prepared for the conference “American Economic Policy during the 1990s,” sponsored by the John F. Kennedy School of Government, Harvard University, June 2001. A shorter version of the original paper appears in American Economic Policies in the 1990s, Jeffrey A. Frankel and Peter Orszag, eds. (Cambridge: MIT Press, 2002).
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Paul L. Joskow; United States Energy Policy during the 1990s. Current History 1 March 2002; 101 (653): 105–125. doi: https://doi.org/10.1525/curh.2002.101.653.105
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