More attention should be paid to making the U. S. less vulnerable to foreign oil price and supply decisions
A report is presented in which GAO recommends that the secretaries of State and Energy present to the Congress by July 1, 1978, a plan for improving security of U.S. imported oil supplies at reasonable prices by U.S. policy initiatives directed toward changes in access terms, incentives for production in other than OPEC countries, and bilateral and multilateral approaches to OPEC and other nations. Ultimately, this country, as well as the rest of the world, will become independent of oil. This is necessarily true because oil is a finite commodity and will run out someday. Accordingly, national attention ought to be directed to truly responsible concerns about how to achieve an orderly transition to an economy based upon alternative resources of energy. Today's policies must buy time and provide the petroleum supplies needed while other energy sources are developed and put in operation to replace them.
- Research Organization:
- General Accounting Office, Washington, D.C. (USA)
- OSTI ID:
- 5104470
- Report Number(s):
- EMD-78-24
- Resource Relation:
- Other Information: Report to the Congress by the Comptroller General of the United States
- Country of Publication:
- United States
- Language:
- English
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29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM
GOVERNMENT POLICIES
CHARGES
ENERGY SUPPLIES
OPEC
RECOMMENDATIONS
TRADE
US ORGANIZATIONS
USA
ENERGY SOURCES
FOSSIL FUELS
FUELS
INTERNATIONAL ORGANIZATIONS
NATIONAL ORGANIZATIONS
NORTH AMERICA
021000* - Petroleum- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum