1. Prior to the 1970s, the prevailing view in the United States was that the market for natural gas needed to be carefully regulated. Since the 1980s, however, public policy has moved steadily towards...

1.

Prior to the 1970s, the

prevailing view in the United States was that the market for natural gas needed

to be carefully regulated. Since the

1980s, however, public policy has moved steadily towards de-regulation. Write an essay discussing the arguments supporting

each of these policy perspectives, and then explain which perspective you think

is more likely to be correct and why.

Your answer does not require, but would benefit from, the use of

historical information.

2.

Write an essay

discusses the ways in which the market for natural gas and the market for crude

oil are similar, and the way in which they are different. In this essay I want you to discuss important

structural considerations, and to draw conclusions about the impact of any

structural differences upon the ultimate patterns of price one might expect in

the two markets. Finally, discuss the

ways in which these two markets are linked, and the effect any such linkage

might have upon the observed prices of oil and gas.These two essay questions need to be answered. Each Question about 3 pages long with sources.So total being 5-8 pages.