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Last modified
7/29/2009 8:52:19 PM
Creation date
10/12/2006 12:17:43 AM
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Template:
Water Supply Protection
File Number
8040.200
Description
Section D General Studies-Energy
Date
11/21/1974
Author
Helene C Monberg
Title
Energy-Oil Shale-Western Resources Wrap Up-Series X No 47-Energy Policy
Water Supply Pro - Doc Type
Report/Study
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<br />'. <br /> <br />3-waw wash~ x x x seen <br />SUMMARY 0Ji( PROJECT INDEPENDENCE REPORT <br />washington (WRW)--The 1973 Arab embargo threw 500,000 Americans <br /> <br />out of work at its peak, but no action has been taken by the government <br /> <br />to lessen the effect of another embargo if anotber one occurs. <br /> <br />These facts are detailed in the Federal Energy Administration re- <br /> <br />port on Project Independence released during the past week. <br /> <br />Some actions that the united States could take now would effective- <br /> <br />ly augment energy supplies in the next decade, but the development of <br /> <br />synthetic fuels, shale oil, geothermal and solar energy cannot meet Am- <br /> <br />erican energy needs between now and 1985, the report said. Large new <br />in the next decade <br />increments of energy could become available/through conservation, step- <br /> <br />ping up leasing of federal lands, lower anti-pollution air quality reg- <br /> <br />ulations to encourage use of coal instead of oil and gas particularly <br /> <br />for the production of electricity, and stvrage of petroleum products,it <br /> <br />said. After 1985 new sources of energy may be important too, it stated. <br /> <br />Currently oil provides 46 percent of the nation's energy, natural <br /> <br />gas provides 32 percent, coal 17 percent, and nuclear and other 5 per <br /> <br />cent. About 35 percent of our domestic petroleum consumption in 1973 <br /> <br />was met by imports of oil from abroad. The purpose of Project Indepen- <br /> <br />dence is to make us less dependent on foreign supplies. The following <br /> <br />summary from the report indicates what might be done to stimulate pro- <br /> <br />duction of energy from the multiple sources available domestically: <br /> <br />CRUDE OIL: United States domestic demand for petroleum is approa~ <br />10g 17 million barrels of oil a day. Production in the United States <br />this year is expected to be 10.5 million barrels a day, down from peak <br />production of 11.3 million barrels a day in 1970. This could be doub- <br />led to 20 million barrels a day at $11 per barrel price by 1985 if all- <br />out production were allowed. Major increases could come from Alaskan <br />developments, stepped-up leasing on the Outer Continental Shelf especi- <br />ally off the California and Alaskan Coasts on the West and the Atlantic <br />Coast on the East, from use of new secondary and tertiary recovery meth- <br />ods to recover reore oil from declining on-shore oil fields, from open- <br />ing to production the Naval Petroleum Reserves at Elk Hills in Califor- <br />nia and nPet 4. in Alaska. This type of production domestically could <br />make us independent of foreign sources of supply, but it could not be <br />maintained for long, regardless of price. As a practical matter, do- <br />mestic production is not likely to increase more than 5 million barrels <br />a day, so the United states will still be dependent on foreign oil to <br />meet part of its needs. U.S. demand for oil increased at the rate of~ <br /> <br />0177 <br />
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