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Hicks, Hayek, Hotelling, Hubbert, and Hysteria or Energy, Exhaustion, Environmentalism, and Etatism in the 21st Century

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  • Richard L. Gordon

Abstract

In 2008, energy independence is making an unwelcome return in a greatly expanded form. The old import-danger excuse is supplemented by claims that exhaustion and global warming also will be cured. The import danger threat remains overblown. Exhaustion is not an impending problem and, if it were, it has no policy implications for anything including for imports. Similarly, whatever is true about global warming, it does not imply import controls.

Suggested Citation

  • Richard L. Gordon, 2009. "Hicks, Hayek, Hotelling, Hubbert, and Hysteria or Energy, Exhaustion, Environmentalism, and Etatism in the 21st Century," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-16.
    • Handle: RePEc:aen:journl:2009v30-02-a01
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    Cited by:

    1. Reynolds, Douglas B. & Baek, Jungho, 2012. "Much ado about Hotelling: Beware the ides of Hubbert," Energy Economics, Elsevier, vol. 34(1), pages 162-170.
    2. Smith, James L., 2012. "On the portents of peak oil (and other indicators of resource scarcity)," Energy Policy, Elsevier, vol. 44(C), pages 68-78.
    3. Kleijn, René & van der Voet, Ester & Kramer, Gert Jan & van Oers, Lauran & van der Giesen, Coen, 2011. "Metal requirements of low-carbon power generation," Energy, Elsevier, vol. 36(9), pages 5640-5648.
    4. Reynolds, Douglas B., 2013. "Uncertainty in exhaustible natural resource economics: The irreversible sunk costs of Hotelling," Resources Policy, Elsevier, vol. 38(4), pages 532-541.

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    JEL classification:

    • F0 - International Economics - - General

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