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The Role of the Economist in Natural Resources Policy

Published online by Cambridge University Press:  10 May 2017

Emery N. Castle
Emery N. Castle*
Affiliation:
Resources for the Future
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Extract

On April 5 of this year President Jimmy Carter addressed the Nation on energy. After a brief introduction the President said:

“Federal government price controls now hold down our own production and encourage waste and increase dependence on foreign oil.”

The President then went on to say:

“–I have decided that phased decontrol of oil prices will begin on June 1 and continue at a fairly uniform rate over the next 18 months. The immediate effect of this action will be to increase the production of oil and gas in our own country.”

Type
Invited Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 8 , Issue 2 , October 1979 , pp. 17 - 26
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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