Natural gas pricing proposals of President Carter's energy program (Part D of S. 1469). Hearings before the Committee on Energy and Natural Resources, United States Senate, Ninety-Fifth Congress, First Session on S. 256 a bill to regulate commerce to assure increased supplies of natural gas at reasonable prices for consumers, and for other purposes
In 1954, the U.S. Supreme Court ruled that the Natural Gas Act required the Federal Power Commission to regulate the wellhead price of natural gas dedicated to interstate commerce. Ever since that time, natural gas price policy legislation has been an active issue before the Congress. Well over 1,000 separate entries in the Congressional Record related to natural gas during the 94th Congress alone; nearly 200 natural gas bills and resolutions were introduced. In spite of the prolonged debate and discussion during this 23-year-old controversy, no substantial modification of the Natural Gas Act has been enacted. In spite of the fact that wellhead prices for new natural gas in interstate commerce have increased sixfold since 1970, the outlook is bleak. Domestic production peaked in 1973. Production decreases since that time have resulted in producers being unable to meet their supply contracts. Massive curtailments have resulted in losses to the economy totaling millions of dollars. Schools and factories have been closed. Early this year, Congress was forced to pass emergency legislation just to keep people warm in their homes while preparations were made once again to grapple with the price policy problem. It can be agreed that there is a problem, but agreement stops there. Statements were heard from 6 witnesses at the June 7, 1977, hearing, and additional witnesses were heard on June 13, 14, and 17 on natural gas pricing policies. (MCW)
- OSTI ID:
- 6808956
- Resource Relation:
- Related Information: Publication No. 95-75
- Country of Publication:
- United States
- Language:
- English
Similar Records
Natural gas pricing provisions of President Carter's energy plan: a briefing paper for Governor Briscoe
Energy legislation in the 94th Congress. A summary report prepared by the Congressional Research Service at the request of Henry M. Jackson, Chairman, Committee on Interior and Insular Affairs, United States Senate pursuant to S. Res. 45, a national fuels and energy policy study
Related Subjects
POLICY AND ECONOMY
03 NATURAL GAS
NATURAL GAS
CHARGES
HEARINGS
NATURAL GAS INDUSTRY
GOVERNMENT POLICIES
REGULATIONS
ECONOMIC POLICY
EMPLOYMENT
SOCIO-ECONOMIC FACTORS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
294003* - Energy Planning & Policy- Natural Gas
031000 - Natural Gas- Legislation & Regulations
030600 - Natural Gas- Economic
Industrial
& Business Aspects