Report to Congress pursuant to Section 8(f)(l) of the Emergency Petroleum Allocation Act
This report responds to the reporting requirement of Section 8(f)(l) 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 of this report describes in detail the requirements of the various laws and the actions that the Federal Energy Administration (FEA) 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 eleven 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 appendices 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.
- Research Organization:
- Federal Energy Administration, Washington, DC (USA)
- OSTI ID:
- 6207434
- Report Number(s):
- DOE/TIC-10445
- Country of Publication:
- United States
- Language:
- English
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