Sharp on Impact of Oil Price Drop

View on Wall Street Journal website

Date

Nov. 16, 2008

News Type

Media Highlight

Source

Wall Street Journal

RFF President Phil Sharp was among several experts in a November 17 Wall Street Journal roundup addressing options for reducing demand for oil in the wake of falling petroleum prices. He suggested using market incentives, coupled with close government oversight, to encourage efficiency gains, establish a price on carbon to restrain greenhouse gas emissions, and seriously consider imposing a "price floor" on oil in the range of $60–$65 per barrel.

Related People

Phil Sharp

Senior Advisor

Fellow, Columbia University; former President, RFF

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