Mark Paul, an assistant professor specializing in climate economics at Rutgers University, emphasizes the importance of complementing demand-side policies with supply-side strategies in the fight against climate change.
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New Jersey State Policy Lab: Now is the Time to Save Oil in a Hurry
One way to reduce oil price spikes when there is a supply crunch is to reduce demand. To reduce the demand by 29 million gallons per day across roughly 280 million US vehicles, this is only 0.1 gallons per day per vehicle.
Low oil prices are good news for the Garden State
So what does this mean for Garden State residents? “A continuation of low oil prices will be extraordinarily positive for the New Jersey economy,” says James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University....