Publisher's Synopsis
Excerpt from An Econometric Policy Model of Natural Gas
Much has been made of an energy crisis in the United States, and the need for planning to meet needs of consumers in the coming decades. Economists have not joined the legions of those proclaiming emergency, except perhaps in the case of natural gas. In this industry, there is a crisis in the economist's sense of non-clearing of demands. There exists a shortage of natural gas in this country, to the extent that non-delivery on contract sales was approximately 3 percent of total sales of the inter; state pipelines in 1971-1972, and 2 percent of national sales by all sources [4, Chapter This crisis has been precipitated by direct control of gas field contract prices by the Federal Power Commission in the 1960's Policy changes are needed to solve this crisis. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
