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The impact of rising energy prices on household energy consumption and expenditure patterns: The Persian Gulf crisis as a case example

Authors: Henderson; L.J. (Baltimore Univ.; MD (United States)); Poyer, D.A.; Teotia; A.P.S. (Argonne National Lab.; IL (United States). Energy Systems Div.);

The impact of rising energy prices on household energy consumption and expenditure patterns: The Persian Gulf crisis as a case example

Abstract

The Iraqi invasion of Kuwait and the subsequent war between Iraq and an international alliance led by the United States triggered immediate increases in world oil prices. Increases in world petroleum prices and in US petroleum imports resulted in higher petroleum prices for US customers. In this report, the effects of the Persian Gulf War and its aftermath are used to demonstrate the potential impacts of petroleum price changes on majority, black, and Hispanic households, as well as on poor and nonpoor households. The analysis is done by using the Minority Energy Assessment Model developed by Argonne National Laboratory for the US Department of Energy (DOE). The differential impacts of these price increases and fluctuations on poor and minority households raise significant issues for a variety of government agencies, including DOE. Although the Persian Gulf crisis is now over and world oil prices have returned to their prewar levels, the differential impacts of rising energy prices on poor and minority households as a result of any future crisis in the world oil market remains a significant long-term issue.

Country
United States
Keywords

Budgets, Fossil Fuels, 330, Energy Accounting 298000, Policy And Economy, Energy Consumption, Fuels, Energy Analysis, Black Americans, Electricity, Accounting, Human Populations, Consumption And Utilization, Minority Groups, Prices, Low Income Groups, 294002, Energy Accounting, Petroleum, 29 Energy Planning, Energy Sources, Populations 298000* -- Energy Planning & Policy-- Consumption & Utilization, 294002 -- Energy Planning & Policy-- Petroleum, Hispanic Americans

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average