Analysis of petroleum price decontrols in the energy policy and conservation Act of 1975

Technical Report · Mon Jan 12 04:00:00 EST 1976

OSTI ID:6141135

This paper compares forecasts for petroleum supply, demand, imports, and prices for four cases: (1) continuation of the 1975 petroleum price controls; (2) instant decontrol on January 1, 1976; (3) 39-month decontrol; and (4) the Energy Policy and Conservation Act signed December 22, 1975. Estimated consumption savings that result from provisions of the Act in 1980 and 1985 are also presented. Three of the various policy options that the bill contains are presented. The instant decontrol case presented is a forecast of what would occur if the President and Congress had allowed the petroleum price controls to expire immediately without allowing for a transition period. The continuation of the 1975 price controls case is a forecast of what would happen if the 1975 controls were extended into the future. The 39-month decontrol scenario is another alternative energy plan that has been considered. The specific assumptions of the various scenarios are described.

• Research Organization: Federal Energy Administration, Washington, DC (USA)
• OSTI ID: 6141135
• Report Number(s): DOE/TIC-10655
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
CHARGES
CONTROL
DEMAND FACTORS
ENERGY CONSERVATION
ENERGY CONSUMPTION
ENERGY POLICY AND CONSERVATION ACT
ENERGY SOURCES
ENERGY SUPPLIES
EVALUATION
FORECASTING
FOSSIL FUELS
FUELS
IMPORTS
INDUSTRY
LAWS
PETROLEUM
PETROLEUM INDUSTRY
REGULATIONS
SUPPLY AND DEMAND