Corporate Average Fuel Economy Essay -- essays research papers

collective mean(a) Fuel EconomyThe foreshadowed Market Failures of the mid 1970s gave way to CorporateAverage Fuel Economy, regulation which would call for new standards inautomobile arouse efficiency. The market failures hinged on a number of outsidevariables which could have had a drastic effect on domestic markets.Resource Scarcity drove the American public to call for a more efficientmeans of managing its imagery 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 resourceexpenditure before the year 2000.With Corporate Average Fuel Economy in place the market failures shouldbe partially alleviated and pressures due to restricted internationalresources should subside. The regulated fuel efficiency should support themarket to resume its national flow and regain stability without furthermanipulation.Reliance on imported fuels wou ld be minimized because of the a)decreased demand for fuel utilisation and b) lowered fuel demandallowed for domestic producers to meet the basic needs of the public.Maximum fuel efficiency would a) cut the amount of fuel consumption thusnullifying high pump prices and b) raise the level of conservati...