U.S. Virgin Islands Petroleum Price-Spike Preparation
Author(s) -
Caley Johnson
Publication year - 2012
Language(s) - English
Resource type - Reports
DOI - 10.2172/1046276
Subject(s) - plan (archaeology) , de facto , renewable energy , petroleum , oil price , business , clean energy , natural resource economics , environmental economics , engineering , economics , geography , political science , paleontology , electrical engineering , archaeology , monetary economics , law , biology
This NREL technical report details a plan for the U.S. Virgin Islands (USVI) to minimize the economic damage caused by major petroleum price increases. The assumptions for this plan are that the USVI will have very little time and money to implement it and that the population will be highly motivated to follow it because of high fuel prices. The plan's success, therefore, is highly dependent on behavior change. This plan was derived largely from a review of the actions taken and behavior changes made by companies and commuters throughout the United States in response to the oil price spike of 2008. Many of these solutions were coordinated by or reported through the 88 local representatives of the U.S. Department of Energy's Clean Cities program. The National Renewable Energy Laboratory provides technical and communications support for the Clean Cities program and therefore serves as a de facto repository of these solutions. This plan is the first publication that has tapped this repository
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