The Regulation-Induced Shortage of Natural Gas (Classic Reprint)
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Excerpt from The Regulation-Induced Shortage of Natural Gas
In the last three years there have been an increasing and large number of important policy statements on the shortage of natural gas. 'some have taken the form of assessments of the seriousness of the shortage, and others have sought to determine the ways in which it can be ameliorated. Almost all declarations on the subject have looked to the Federal Power Commission area rates (or ceiling prices at the well head) as the cause for the supply-demand difference, and many propose new area rate policies as the means for bringing excess demand to an end.
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