Natural Gas Production And Conservation Act Of 1974

This report contains the final technical analysis of the Project Independence Interagency Natural Gas Task Force chaired by the Federal Power Commission. The task force was formed in April 1974 to provide estimates for the Project Independence Blueprint of the potential production capabilities of the natural gas industry and the resources necessary to achieve these levels of production. The task force evaluated two alternative strategies. The first was "business-as-usual," which assumed the continuation of all current policies that could affect levels of natural gas production. The second strategy, "accelerated demand," assumed selected changes in policies or practices that would permit a greater expansion of potential production. The data support from the Natural Gas Task Force, together with estimates of resource availability, conservation and demand forecasts served as input into the Project Independence Blueprint analysis. This report is not a production or price forecast and does not represent policy or program recommendations of the Federal Energy Administration or of the other participating agencies