Report to Congress on the economic impact of energy actions, as required by Public Law 93-275, Section 18(D)

Technical Report · Tue Jul 01 04:00:00 EDT 1975

OSTI ID:7358917

An assessment is made of the economic impact of the energy situation for the 6-month period starting with the fourth quarter of 1974 and ending with the first quarter of 1975. Significant findings include the following: U.S. consumption of energy declined for the first time in 20 years; employment in energy producing sectors increased; the severe impact of energy prices on the rate of inflation abated toward the end of 1974 and in early 1975; natural gas curtailment resulted in lost production and increased cost in some industries; after a deficit of over $5 billion in 1974, the U.S. merchandise trade balance showed a surplus of $1.8 billion in the first quarter of 1975. (auth)

• Research Organization: Federal Energy Administration, Washington, D.C. (USA); Federal Energy Administration, Office of Policy and Analysis, Office of Economic Impact, Washington, DC 20461
• OSTI ID: 7358917
• Report Number(s): FEA/B-75/376
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
CHARGES
COST
ECONOMICS
ENERGY
ENERGY CONSUMPTION
ENERGY POLICY
ENERGY SHORTAGES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GOVERNMENT POLICIES
INDUSTRY
INFORMATION
NATIONAL ORGANIZATIONS
NATURAL GAS
PRODUCTION
TABLES
TRADE
US FEA
US ORGANIZATIONS