Analysis of the Energy and Economic Effects of the Iranian Oil Shortfall

EMD-79-38: Published: Mar 5, 1979. Publicly Released: Mar 5, 1979.

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In response to a Congressional request, an expeditious analysis of the energy and economic effects of the Iranian oil situation was prepared.

The net apparent shortfall to the United States will be about 3 percent of total consumption. The shortfall will not be large enough to result in a general activation of the allocation program of the International Energy Agency (IEA), but further major cutbacks by other countries could be disasterous. The Department of Energy (DOE) has a number of programs that possibly could be used to overcome the shortfall and help meet the United States commitment to the IEA.

Recommendation for Executive Action

  1. Status: Closed

    Comments: Please call 202/512-6100 for additional information.

    Recommendation: DOE needs to strengthen its conservation programs, encourage more exploration and development in areas outside of OPEC, and move rapidly to a renewable energy resource base.

    Agency Affected:

 

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