Energy security. Hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session, May 20, 1987

Book · Thu Jan 01 04:00:00 EST 1987

OSTI ID:5755417

William F. Martin, Deputy Secretary of DOE, was the principal witness at a hearing held to review US energy security in light of the conflict underway in the Persian Gulf and the administration's failure to provide adequate solutions to oil import dependence, which threatens national security. Committee members faulted the President's report and recommendations as an inadequate response. Martin cited progress in diversifying energy supplies away from dependence upon the Persian Gulf by increasing worldwide use of coal and non-OPEC oil use which have dropped OPEC's market share 25 points to 40%. He also noted the increase in oil imports by Europe, Japan, and Third World countries. Points at issue were the differences between spot and contract prices, which have discouraged domestic production, and the dangers associated with concentrating world production in an unstable area.

• OSTI ID: 5755417
• Country of Publication: United States
• Language: English

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DOCUMENT TYPES
ECONOMIC IMPACT
ENERGY SOURCES
FOSSIL FUELS
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GOVERNMENT POLICIES
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