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Baker Institute report proposes strategies to ensure global energy security
Date:7/31/2008

refinery capacity. Strategic stocks of petroleum fuels could counter OPEC's ability to set prices and inoculate the U.S. economy from the effects of a major supply disruption. Higher taxes on fuel would discourage wasteful energy use. The U.S. government should also work with international lending institutions to persuade other nations to ease fuel subsidies. And the development of alternative energy sources, including nuclear power, holds the promise of less dependence on fossil fuels while improving the environment.


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Contact: David Ruth
druth@rice.edu
713-348-6327
Rice University
Source:Eurekalert

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