Tradeoffs in Addressing Fuel Supply Shocks
- Dr. Joe AldyAssociate Professor of Public PolicyJohn F. Kennedy School of Government at Harvard University
The Kleinman Center, the Penn Program on Regulation, and the Wharton Risk Management and Decision Processes Center are excited to welcome Dr. Joseph Aldy to discuss Tradeoffs in Addressing Fuel Supply Shocks. This jointly offered seminar is part of the Risk Regulation Seminar series.
The regulation of fuel content in U.S. gasoline markets has made them less resilient to supply shocks because neighboring markets do not have regulation-compliant fuels to export to those experiencing a shock.
In this seminar, Dr. Aldy will discuss his paper investigating the impacts and trade-offs of the actions of the Environmental Protection Agency authority (through fuel content regulation waivers) to address supply shocks, and look at how these analyses can inform other policy interventions, such as product-based strategic petroleum reserves.