Federal Reserve Bank ProjectSponsored by the Federal Reserve Bank of Chicago in November of 1996, the Energy and Environmental Issues for the Midwest Economy research was associated with the 1996 Fed Workshop “The Midwest Economy: Stucture and Performance”. The research reviewed the key energy and environmental issues facing the Midwest economy (Illinois, Indiana, Iowa, Michigan, and Wisconsin), a diverse regional economy that includes the industrial heartland of the country, as well as thriving service and agriculture components. The Midwest’s key transportation links and it’s possession of almost 20 percent of U.S. coal reserves places high importance of the region's energy issues to the national economy. The paper reviews and compares energy consumption
and gross product for both the region and the nation for the period
1970 to 1993 and analyzes patterns of energy use and economic activity
in each state. These statistics are compared with the region as
a whole and against the entire United States, for the years 1970,
1980, 1990 and 1993. A special attention is given to the pattern
of energy use among the end-use sectors, and to relative changes
in fuel use patterns. The paper briefly outlines the region's energy
resource base and analyzes shifts in energy production within the
region. In addition, there is a review of some policy issues that
may have an important impact on the future of the region.
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