Great natural gas swindle
Journal Article
·
· Power Line; (United States)
OSTI ID:5602095
The Citizen/Labor Energy Coalition (C/LEC) is challenging natural gas deregulation bids by oil companies, which control 70% of domestic gas production, that will double or triple costs to consumers by 1985. Price increases will affect the cost of consumer goods, food, and several basic industries as well as residential heating bills. C/LEC disagrees with the Reagan administration that decontrol is needed to encourage production because this did not happen with the incentives provided by the Natural Gas Policy Act. Conservation will not be affected either because the capital needed for conservation investment will be used for higher gas bills. With higher employment another direct result, the only beneficiaries of decontrol appear to be the producers. (DCK)
- OSTI ID:
- 5602095
- Journal Information:
- Power Line; (United States), Journal Name: Power Line; (United States) Vol. 6:12; ISSN POLID
- Country of Publication:
- United States
- Language:
- English
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