Need to modify the Natural Gas Policy Act
An analysis of the Natural Gas Policy Act (NGPA) of 1978 examines its ability to achieve legislative goals and the likelihood and implications of its extension beyond 1985. The author sees no guarantee that the transition to partial decontrol will be smooth, which could create pressures to continue controls beyond 1985. Disruptions to the gas market because of the inequities of cheap, price-controlled gas and government allocation programs are well known. The NGPA cannot prevent deregulated gas prices from absorbing the price cushion of old gas. For these reasons, the author feels it is urgent that we modify the NGPA now and accelerate wellhead decontrol. Two sensitivity tests of gas-market decontrol appear in the appendix. 5 references, 1 figure, 4 tables. (DCK)
- Research Organization:
- Dept. of Energy, Washington, DC
- OSTI ID:
- 6583005
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 3:4; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
031000 -- Natural Gas-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
294003* -- Energy Planning & Policy-- Natural Gas
DEREGULATION
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
EVALUATION
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
LAWS
NATIONAL ENERGY ACT
NATURAL GAS
NATURAL GAS POLICY ACT