Regulation of domestic crude oil prices: 95th Congress, 1st Session

Book · Mon Feb 28 23:00:00 EST 1977

OSTI ID:5982583

Jackson, H M

This report responds to the reporting requirement of the Emergency Petroleum Allocation Act (EPAA) as amended by the Energy Policy and Conservation Act (EPCA) and Energy Conservation and Production Act (ECPA). Chapter II describes in detail the requirements of the various laws and the actions that the Federal Energy Administration has taken or will take to implement these laws through regulation. Chapter III provides details of FEA's rationale followed in implementing these provisions of the law and quantifies, where possible, the impacts believed to have resulted from the legislation in 1976 on price, production, supply and the economy. Since the 11-month period starting with February 1976 and ending in December of that year is short compared to the time required for the effects of price on production to be realized, forecasts of impacts are provided for 1980 and 1985 to offer a further dimension in understanding the effects of these provisions. Four appendixes to Chapter III supply the details of the analytical methodology used. Finally, Chapter IV assesses the possible impacts of these provisions on future domestic crude oil production through an analysis of the response of the leading indicators of domestic crude oil production to changes in price.

• OSTI ID: 5982583
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ALLOCATIONS
CHARGES
DECISION MAKING
ECONOMIC IMPACT
EMERGENCY PLAN
ENERGY MODELS
ENERGY POLICY
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
NATIONAL ORGANIZATIONS
NORTH AMERICA
PETROLEUM
PIES
PRODUCTION
REGULATIONS
SAFETY
US FEA
US ORGANIZATIONS
USA