Corporate Average Fuel Economy Essay -- essays research papers

Corporate Average Fuel EconomyThe foreshadowed Market Failures of the mid 1970s gave expressive style to CorporateAverage Fuel Economy, regulation which would call for new standards inautomobile fuel efficiency. The market failures hinged on a number of orthogonalvariables which could have had a drastic effect on domestic markets. resource Scarcity drove the American public to call for a more than efficientmeans of managing its resource use due to a) oil embargos on nondomesticproducts and b) skyhigh prices at the pump.Conservation of the worlds non-renewable resources cams to theforeground with a) higher pump prices and b) forecasted resource wasting disease before the year 2000.With Corporate Average Fuel Economy in place the market failures shouldbe partially alleviated and pressures due to confine internationalresources should subside. The regulated fuel efficiency should allow themarket to latch on its national flow and regain stability without furthermanipulation.Reliance on imported fuels would be minimized because of the a)decreased demand for fuel pulmonary tuberculosis and b) lowered fuel demandallowed for domestic producers to meet the basic necessitate of the public.Maximum fuel efficiency would a) cut the amount of fuel breathing in thusnullifying high pump prices and b) raise the level of conservati...