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Energy crises of 1919-1924 and 1973-1975: a comparative analysis of Federal energy policies

Journal Article · · Energy Syst. Policy; (United States)
OSTI ID:6725923
During the years 1916 to 1924, the United States was subjected to both real and feared energy shortages. Those years of coal strikes, transportation breakdowns, perceived oil scarcity, and world war compelled the Federal government to assume an unprecedented role in fuel-resource management. The Arab oil embargo of 1973 to 1974 precipitated another period of real and perceived energy shortages and intensified Federal intervention in energy-policy formulation. This paper compares Federal policies adopted or considered during these two crises toward production controls, price setting, distribution, and allocation. Attention is focused on the adversarial relationships of such special-interest groups as the major integrated oil companies and the so-called independents; the disputed need for Federal regulation to achieve equity in the distribution and allocation of scarce resources; and the unresolved debate concerning the impact of price and other controls on energy supply.
OSTI ID:
6725923
Journal Information:
Energy Syst. Policy; (United States), Journal Name: Energy Syst. Policy; (United States) Vol. 4:4; ISSN ESYPB
Country of Publication:
United States
Language:
English