United States Petroleum Situation Through 1980.
ARMY WAR COLL CARLISLE BARRACKS PA
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The paper examines the current and projected United States petroleum and natural gas requirements through 1980. These two resources account for three-fourths of all the energy consumed in the United States. The unprecedented rate at which they are being consumed has caused an imbalance between demand and supply and presents the Nation with an energy problem of serious and growing proportions. Domestic production is now unable to supply the needs of some consumer sectors and shortages of certain fuels exist. During the next three to five years, a further deterioration of the domestic supply position is anticipated and a sharp increase in imports is projected. The long lead times required to provide new domestic supplies make this development virtually certain. The United States also faces a serious balance of trade deficit as a result of our growing need for imports. In short, out petroleum position will become more severe in the longer term if present trends and policies continue. Author
- Economics and Cost Analysis
- Electric Power Production and Distribution