ECON320 SUNY Canton A Mining Law whose Time Has Passed Case Studies Analysis

A.Instructions:

1. Write your full name on the first page.

2. Write double-spaced summary/comments (three paragraphs typed) on each case study.

3. Each paragraph must contain three sentences and is worth 2 or 3 points.

4. Use Times New Roman, one inch margins, and 12 point font.

B.

Question # 1: What is a Hubbert curve? Has the Hubbert curve been accurate for the United States? Explain.

Question # 2: List and briefly discuss three reasons why the United States continues to rely heavily on fossil fuels as an energy source.

Question # 3: Why are externalities so important to energy policy analysis? Briefly discuss how the externality costs differ for various energy sources.

Question # 4: List and briefly discuss three policies that could be used to encourage a transition towards renewable energy sources.