ENERGY EXPERT PREDICTS WORST RECESSION EVER

One of the nation's energy experts has predicted a severe recession by 1985 because of our inability to produce a national energy program. Our standard of living will undoubtedly be lowered by our inability to meet our energy needs. The amount of oil that the U.S. imports has increased over the past few years, indicating a move away from self-sufficiency in energy. Alternate sources of energy, such as coal, nuclear and solar energy, cannot take the place of oil and gas in fulfilling our energy needs. Dependence on foreign oil sources will weaken our economic stance abroad. These consequences could have been avoided if the U.S. had fostered production of oil and natural gas fields that are in the ground, while working on the development of other energy sources. In order to promote both production and experimentation, the U.S. should decontrol the price of oil and gas, and let a free market dictate higher consumer prices, which would in turn discourage demand and encourage technological advances.

  • Availability:
  • Corporate Authors:

    Marketing Sciences, Incorporated

    965 East Jefferson Avenue
    Detroit, MI  USA  48207
  • Publication Date: 1977-3-7

Media Info

  • Pagination: p. 27
  • Serial:
    • Automotive News
    • Publisher: Crain Communications, Incorporated
    • ISSN: 0005-1551

Subject/Index Terms

Filing Info

  • Accession Number: 00149849
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 27 1977 12:00AM