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WSP03848
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Last modified
1/26/2010 12:52:27 PM
Creation date
10/12/2006 12:01:03 AM
Metadata
Fields
Template:
Water Supply Protection
File Number
8040.100
Description
Section D General Studies - Power
State
CO
Basin
Statewide
Date
1/1/1976
Author
Fed Energy Admin
Title
Federal Energy Administration - National Energy Outlook
Water Supply Pro - Doc Type
Report/Study
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<br /> <br />lou1121 <br /> <br />Findings and <br />Conclusions <br /> <br />. The' 974 Project Independence Report has been revised to <br />incorporate the tatest information on energy prices. legislation, <br />and resources. <br /> <br />. The events of 1975 have changed the energy outlook: <br />-Energy legislation has been enacted which largely removes <br />the oil depletion allowance. sets a new oil pricing policy. estab- <br />lishes conservation measures and provides standby authorities <br />in the event of another embargo. <br />-New Federal estimates of oil and gas resources are sub. <br />stantially lower than previous figures. <br />-Further increases in the price of imported oil have occurred <br />and the possibility of a rapid drop in price now seems rem Ole. <br />-Higher energy prices have spurred the searCh for oil and <br />gas and dramatically cut the rate of growth in energy demand. <br /> <br />. This yea(s FEA analysis shows that even with these changes <br />energy independence can still be achieved: <br />-Over the next 10 years. the Nation can greatly expand its <br />domestic energy production and cut the rate of growth in <br />energy demand, and still meet its economic objectives. <br />-Our dependence in the next few years would have increased, <br />but the recently enacted legislation will hold our vulnerability to <br />about current levels. <br />- The post-1985 prospects for maintaining independence are <br />less certain. unless technological and economic breakthroughs <br />occur, <br /> <br />. If we do not establish policies to stimulate domestic energy <br />production and cut energy use, or if regional growth restrictions, <br />less reserves than expected, or extended price controls occur, <br />our dependence on foreign oil could rise dramatically above <br />teday's levels. <br />- The uncertainties and energy impacts associated with each <br />of these factors are large and make accurate forecasting <br />difficult. <br />-But unless the Nation weighs the impact of alternative policy <br />assumptions, it cannot choose a national energy policy which <br />balances economic. energy, environmental. and social <br />objectives. <br /> <br />. The figures which follow briefly summarize the malar find- <br />ings of this year's National Energy Outlook. <br /> <br />
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