Laserfiche WebLink
<br /> <br />~HJ 1 <br /> <br />'/ <br />.~ <br /> <br />What Will Oil <br />Imports Be by 1985? <br /> <br />14 <br /> <br />mmb/d <br /> <br />5 <br /> <br /> <br />~HjstorjC81 <br />r---1 Oil and Gas <br />L........J Price R~ulatlon <br />~ Decontrol <br />.-, Acceleraled <br />L-...J Supply with <br />Conservation <br /> <br />13 <br /> <br />12 <br /> <br />11 <br /> <br />10 <br /> <br />9 <br /> <br />8 <br /> <br />7 <br /> <br />8 <br /> <br />4 <br /> <br />3 <br /> <br />2 <br /> <br />1970 <br /> <br />1974 <br /> <br />1985 <br /> <br />. Imports will continue to increase in the next 2 years. until <br />Alaskan oil production begins. <br />- There is little that can be done to cut imports through 1977, <br />although conserving energy and increasing oil recovery in <br />existing fields will provide some help. <br /> <br />. We have much greater ability to cut imports by 1985. if ap- <br />propriate policy actions are taken: <br />-If oil and gas prices are regufated at low levels. imports <br />could reach 13.5 MMBID in 1985. <br />- With gradual deregulation of oil and gas prices, and a con- <br />tinuation of current world oil prices. imports could drop to <br />5.9 MMBIO, slightly below loday's level. <br />-A maximum effort to increase supply and cut demand could <br />reduce imports to abour 1 MMBID, making the United States <br />invulnerable by 1985. <br /> <br />. By 1990, however, imports could increase as domestic pro- <br />duction from older fields again declines. This decline will need <br />to be offset by the growing use of nuclear power, synthetic <br />fuels, solar, and other emerging technologies. <br /> <br />7 <br /> <br />