摘要:

This paper examines the impact of higher natural gas prices on the Northeast regional economy. While there is a common belief that higher gas prices will further disadvantage the already high‐energy‐cost Northeast, recent analysis suggests the opposite conclusion. Simply stated, by virtue of using relatively little natural gas, industry in the Northeast will likely experience an improvement in its competitiveness as gas prices rise; at the same time, the region could contribute relatively little to the higher revenues for gas producers. In contrast, by virtue of high population, high income, political strength, and improved competitiveness, the region will likely receive at least its proportionate share of these revenues as they are recycled throughout the national eco

ISSN:1074-3529    

DOI:10.1111/j.1465-7287.1982.tb00749.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Deregulation of wellhead natural gas prices will affect individuals as consumers and resource owners. It is shown that higher natural gas prices will be roughly progressive with respect to household and general consumers. The effects on the distribution of resource earnings will be ambiguous because although the oil and gas industry is highly capital intensive, natural gas price deregulation will likely cause reduced spending on other capital‐intensive activities, including deep drilling for high cost gas, gas utility distribution, and exports. Overall, no clear case can be made that gas wellhead price deregulation will be regressi

ISSN:1074-3529    

DOI:10.1111/j.1465-7287.1982.tb00750.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

The Natural Gas Policy Act (NGPA) will decontrol gas prices in 1985, and there is concern about its inflation and output effects. In this investigation of these concerns, two misapprehensions are remedied. First, inflation is primarily a monetary phenomenon so that a rise in energy prices affects the price level, but any impact on inflation is temporary. Second, while analyses of NGPA have assumed that the price of gas will achieve parity with petroleum, they have neglected decontrol's effect on OPEC's optimal price, Our estimates of the decontrol effect demonstrate that energy prices will fall, not rise

ISSN:1074-3529    

DOI:10.1111/j.1465-7287.1982.tb00751.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY