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Statement of Dr. Richard M. Dowd, Congressional Budget Office before the Subcommittee on Energy Research and Water Resources, Senate Committee on Interior and Insular Affairs 1 (July 1976)

handle is hein.congrec/cbo8759 and id is 1 raw text is: STATEMENT OF DR. RICHARD M. DOWD CONGRESSIONAL BUDGET OFFICE BEFORE THE SUBCOMMITTEE ON ENERGY RESEARCH AND .WATER RESOURCES SENATE COMMITTEE ON INTERIOR AND INSULAR AFFAIRS JULY 29, 1976 Mr. Chairman, I appreciate the opportunity to testify on the subject of the energy research and development and the Administration's National Energy Plan. I am accompanied by my colleague Kendrick Wentzel, by Douglas M. Costle, Assistant Director of CBO for Natural Resources and Commerce, and by Nicolai Timenes, Jr., Deputy Assistant Director. At the regquest of the House and Senate Budget Committees, the Congressional Budget Office (CBO) undertook an analysis of Energy Research, Development, and Demonstration strategies. This analysis is reported in a CBO background paper entitled, Energy Research: Alternative Strategies for Development of New Energy Technologies and Their Implications for the Federal Budget. The paper has been published, and we are happy to provide copies to the committee for the record. An earlier draft of that paper was provided to the staff of this committee, who made many comments which were helpful in our revisions. That paper is the basis for my testimony today.

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