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119344 1 (1981-06-01)

handle is hein.gao/gaobacsxc0001 and id is 1 raw text is: 






UNITED STATES GENERAL ACCOUNTING OFFICE
        WASHINGTON, D.C.  20548

                          FOR RELEASE ON DELIVERY
                          EXPECTED AT 2:00 P.M.
                          MONDAY, JUNE 1, 1981


               STATEMENT OF
         J. DEXTER PEACH, DIRECTOR
       ENERGY AND MINERALS DIVISION
SUBCOMMITTEE ON FOSSIL AND SYNTHETIC FUELS
  HOUSE COMMITTEE ON ENERGY AND COMMERCE


UWl~11


9344


Mr. Chairman and Members of the Subcommittee:

     I appreciate the opportunity to be here today to discuss our

views on natural gas supplies and on Federal policy concerning

the use of natural gas.  As you know, the social and economic

well being of the Nation is currently dependent on a continuing

and adequate supply of natural gas.  Federal natural gas legis-

lation over the past decade has clearly shown Congress' intent

to protect high priority gas users and to ensure the efficient

use of this premium fuel over the long term.

     Over the past several years, we have done considerable work

on natural gas supplies, policies and programs.  Our reports

have covered such topics as natural gas production potential

from conventional and unconventional sources; natural gas

imports from Canada, Mexico, and Algeria; natural gas reserve

estimating procedures, coal gasification, natural gas pricing,

and planning for natural gis shortages.. My testimony today is

based on this work (see Attachment I) and current reviews now

nearing completion which I will discuss later in my statement.

My statement today will'provide our views on natural gas


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