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Title: Regulatory Issues Facing The Gas Industry
Author: George R. Hall
Source: American Gas Association 1980
Year Published: 1980
Abstract: Natural gas regulation must be viewed as a component of a broader national energy policy. Unless we have this prospective, natural gas will not be able to achieve its full potential role in our future energy economy. The United States energy situation is grim. We currently consume about 79 quads -that is, 79 quadrillion Btus -of energy each year. A quadrillion Btus of energy is about equal to a trillion cubic feet of natural gas, so the importance of the 20 Tcf of natural gas consumed each year is apparent. The bad news is that in 1979 37 quads of U.S. energy came from oil. This is equivalent to about 18.5 million barrets of oil per day. About 8 million barrels a day of this oil were imported. Almost 5.6 million barrels of oil a day came from OPEC countries.

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