Federal Excise Taxes placed on specific energy sources tend to reduce energy demand for these energy sources in both the short and the long run. The federal government imposes excise taxes on almost all petroleum products (including petroleum additives) and coal (see Table 1). The federal government also imposes federal excise taxes on many transportation uses of methanol, ethanol, natural gas, and propane and imposes a fee on electricity produced from nuclear power plants and nuclear power electricity. (more…)
Economists have overwhelmingly favored fuel taxes over fuel economy standards as a means to reduce fuel or gasoline consumption ...
Taxation of energy in the United States, the federal government does not impose an energy tax or a general sales tax that is br ...
Analysis of future light-duty transportation energy use require estimates of the impact of fuel prices on travel and fleet fuel ...
Various provisions in the federal income tax treat energy producers more or less favorably than other businesses. By changing t ...
A number of countries have vehicle tax incentives programs designed to reward purchasers and owners of alternative fuel-efficient v ...
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their limited sources of origin derived to its destination all over the world. This particular section of ocean shipping industry is the main component of the movement of seaborne cargo. Even though oil is transported through pipelines and tankers and tank wagons, these movements are relatively small and often restricted to national or in a few cases trough the intra-regional trades. The increment in oil demand came not only from the United States & Western Europe, however there is a rapid oil demand recovery in Japan, a country with no domestic oil reserves. (more…)
Oil tankers can be classified into two broad categories: crude oil tankers and product tankers. Crude oil tankers are typically ...
The operations on-board an oil tanker transportation are radically different from those on other types of ships, primarily due ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
Gasoline is used mainly by cars, motorcycles, and light trucks; diesel is used mainly by heavier trucks, buses, and trains. Togethe ...
For years it was out of desperation that observers have advised and viewed of American energy policy and geopolitical risks regardi ...
Oil tankers can be classified into two broad categories: crude oil tankers and product tankers. Crude oil tankers are typically large dedicated ships that carry solely crude oil. As an example, the Jahre Viking, a crude oil tanker built in 1977, is the largest floating object ever built and would require 16,500 road tanker trucks to empty its full load of cargo. Although it is theoretically possible for a crude carrier to carry petroleum products, the time and monetary costs associated with tank cleaning for such a switch would be prohibitively high so that it is rarely done these days in tanker operations. The crude carriers are classified based on their carrying capacity and suitability for a particular trade. (more…)
Tanker transportation and oil transport functions as an important link to facilitate the flow of oil and products from their li ...
The operations on-board an oil tanker transportation are radically different from those on other types of ships, primarily due ...
Gasoline is used mainly by cars, motorcycles, and light trucks; diesel is used mainly by heavier trucks, buses, and trains. Togethe ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
Federal Excise Taxes placed on specific energy sources tend to reduce energy demand for these energy sources in both the short ...
Gasoline is used mainly by cars, motorcycles, and light trucks; diesel is used mainly by heavier trucks, buses, and trains. Together, gasoline and diesel make up 85% of all the energy used in transportation. There is currently a push to develop vehicles that run on fuels other than petroleum products, or that run on blended fuels. Today, there are some vehicles that run on electricity, natural gas, propane, and ethanol. Hybrid vehicles use much less gasoline than normal vehicles because they also run on electricity part of the time. (more…)
Because transportation is such a large contributor to global warming, both globally and in the United States, climate and energy ex ...
Most alternative fuel vehicles on the road today were originally designed for gasoline, but converted for use with an alternative f ...
The demand for alternative fuels to substitute current fossil fuels is increasing more that ever. This is because the less avai ...
The increase in the prices of major fuels, like gasoline and diesel fuel products is a major global problems recently. Those pr ...
The commercialization prospects for fuel cell vehicles depend not only on their performance and cost, but also on how well th ...
There are many possible reasons for suspecting market failure in a product like gasoline. Throughout the world, the exploration, refining, and selling of petroleum products has long been controlled by large firms in oligopolistic or monopolized national markets. The United States is a sufficiently large importer of oil that it could have monopsony power, which would mean that we could increase the welfare of our own citizens by reducing our imports. Moreover, the consumption of petroleum products, especially in motor vehicles, generates many negative external costs, and will begin to examine closely in the next chapter. Where there are negative externalities, a free market will overproduce and over consume. (more…)
Because transportation is such a large contributor to global warming, both globally and in the United States, climate and energy ex ...
In the post-World War II period, until the beginning of the 1970s, oil price fluctuations were very small. From 1949 to 1970, a ...
Most major oil and gas firms engage in both upstream (i.e., hydrocarbon exploration and production) and downstream (i.e., hydro ...
The volatility in oil prices since the early 1970s is a remarkable feature of energy economics. Annual fluctuations in the oil ...
Analysis of future light-duty transportation energy use require estimates of the impact of fuel prices on travel and fleet fuel ...