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098294 1 (1976-02-17)

handle is hein.gao/gaobadxru0001 and id is 1 raw text is: FUTURE ENERGY DEMAND 6 q Presented by Monte Canfield, Jr. Director, Office of Special Programs U. S. General Accounting Office 111111 HE~ 1111!11 1111I11111 l11 ITI 1111 LM098294 Before The New York Society of Security Analysts 3 February 17, 1976 My observations today will cover three discrete points: 1) aggregate demand for energy in the U.S. from the present until the year 2000; 2) supply limitations on a critical resource - natural gas, and 3) implicitions of the new Energy Policy and Conservation Act on activities of the GAO. The last item is not as directly related to the subject assigned to this panel as are the other two. However, I was asked to mention it because of possible implications it could have on activities affecting your work. First, I would like to spend some time today discussing aggregate future energy demand in America. Much of what I am discussing here is drawn from the work we did at the Ford Foundation's Energy Policy Project. If you find you are interested in more detail than I can describe now, I urge you to get a copy of the Project's final report--A Time to Choose. The obvious question facing us regarding the future is, What is the Nation going to do about the gap between domestic production and domestic consumption? We can increase supply, reduce demand or do some combination of both. However, in the short term, our options are very limited, since the lead times to do almost anything significant about energy policy are generally longer than 2 or 3 years. In essence, it is not likely that, by D~~83oq9L7

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