President Carter's energy proposals: a perspective. [Analysis by Congressional Budget Office]

Book · Sat Jan 01 04:00:00 EST 1977

OSTI ID:7295484

The energy plan submitted by President Carter to the Congress contains more than 100 interdependent proposals aimed at reducing consumption of petroleum, converting from oil and natural gas to coal as an energy source, and increasing domestic supplies of energy, reducing imports of crude oil from a potential 11.5 million to 7.0 million barrels by 1985. The Administration estimates that approximately 2.1 million would be attributable to conservation and 2.4 to the substitution of coal for oil and gas. This report analyzes five major sets of proposals in the Administration's plan: pricing of crude oil; pricing of natural gas; conversion to coal; automobile-related proposals; and tax credits for home insulation and solar-heating equipment. These sets of proposals would achieve an estimated reduction in oil imports of 3.2 million barrels a day by 1985. The analysis conducted by the Congressional Budget Office and presented in this report, however, indicates that this saving is overoptimistic; CBO estimates closer to 2.3 million barrels a day. About 0.6 of the 0.9-million difference results from lower estimates of coal conversion potential; the remaining 0.3-million discrepancy is due to differing estimates of the results from the home insulation and solar equipment tax credits. The Administration asserts that an additional savings of 1.3 million barrels a day (over and above the savings from the five main proposals) can be expected to result from various proposals such as new building standards; these have not been analyzed by CBO. In summary, the total savings achieved by the Administration's plan are estimated by CBO to be about 3.6 million barrels a day, rather than the Administration's estimated 4.5 million barrels.

• OSTI ID: 7295484
• Report Number(s): NP-22210
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020000 -- Petroleum
29 ENERGY PLANNING, POLICY, AND ECONOMY
291000 -- Energy Planning & Policy-- Conservation
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
AUTOMOBILES
BUILDINGS
CARBONACEOUS MATERIALS
CHARGES
COAL
CONVERSION
ENERGY CONSERVATION
ENERGY CONSUMPTION
ENERGY POLICY
ENERGY SOURCES
EVALUATION
FINANCIAL INCENTIVES
FLUIDS
FOSSIL FUELS
FUEL CONSUMPTION
FUEL GAS
FUELS
GASES
GOVERNMENT POLICIES
HEATING
HOUSES
MARKET
NATIONAL ENERGY PLAN
NATURAL GAS
NORTH AMERICA
PETROLEUM
SOLAR HEATING
SOLAR SPACE HEATING
SPACE HEATING
TAXES
THERMAL INSULATION
TRADE
USA
VEHICLES