IMPACT OF GOVERNMENT SUBSIDIES ON MARKET PENETRATION OF SYNTHETIC FUELS

This paper assesses the impacts of various levels of government subsidies on the degree of US dependency on imported energy for the period 1977-2001 and on the reduction of energy bills under the 'base case', 'conservation', and 'most likely' scenarios using the Gulf/SRI US energy model. If the US government subsidizs synfuel production by 50 cents/mm Btu (1 million Btu) toal synthetic fuel production and market penetration could be 15.1-16.9 quads (1 thousand million million Btu) in 2001 against 8.3-9.8 quads given no subsidy. This will result in a reduction of oil and gas imports by 3.8-4.3 quads by 2001. The analyses indicate that during the period 1977-2001, for every 1 mm Btu desired reduction in imported oil, each mm Btu of synfuel produced should be subsidized by 1.50-1.88 dollars. /Author/TRRL/

  • Availability:
  • Corporate Authors:

    IPC Science and Technology Press Limited

    IPC House, 32 High Street
    Guildford, Surrey  England 
  • Authors:
    • Ezzati, A
  • Publication Date: 1978-9

Media Info

  • Features: Figures; References; Tables;
  • Pagination: p. 196-208
  • Serial:
    • Energy Policy
    • Volume: 6
    • Issue Number: 3
    • Publisher: Butterworth Scientific Limited
    • ISSN: 0301-4215

Subject/Index Terms

Filing Info

  • Accession Number: 00189221
  • Record Type: Publication
  • Source Agency: Transport and Road Research Laboratory (TRRL)
  • Files: ITRD, TRIS
  • Created Date: Apr 12 1979 12:00AM