Rocky road to energy independence

Journal Article · Thu Jan 01 04:00:00 EST 1976 · Elements (Midland, Mich.); (United States)

OSTI ID:7249331

Dalton, D

An energy policy presented by FEA Administrator Frank Zarb is simply stated: cut down on imports, make consumption more efficient, develop domestic resources, and let the real value of energy determine its price. The key to understanding the policy lies in the price/value relationship of energy. If the price of energy is to rise to a level reflective of its true value, two important market forces must be set in motion: (1) a powerful conservation ethic; and (2) a boost in vitally needed capital formation. Decontrol of U.S. oil and gas is discussed and, although that could get U.S. production increased, it will not suffice for the U.S. to become energy independent. Demand for energy will continue to outpace supply. By the year 2000, experts estimate demand will have reached the 160 quadrillion Btu mark. That is more than four times what was consumed in the U.S. in 1950. Even to reach 108 quadrillion Btu by 1985, it is estimated that the 1972 level of coal production will have to double and the present nuclear generating capacity will have to multiply eight times. The U.S. will have to look to coal and nuclear power to fulfill near-term needs. (MCW)

• OSTI ID: 7249331
• Journal Information: Elements (Midland, Mich.); (United States), Journal Name: Elements (Midland, Mich.); (United States) Vol. 4:1; ISSN ELEMD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
COST
ENERGY CONSERVATION
ENERGY POLICY
ENERGY SHORTAGES
ENERGY SOURCES
ENERGY SUPPLIES
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
NATURAL GAS
NORTH AMERICA
PETROLEUM
PRODUCTION
TRADE
USA