Energy situation

Energy consumption rate in the United States is evaluated. Even with sharp increases in energy prices following the Arab embargo, the use of energy per dollar GNP has remained relatively stable. Domestic oil production, which has been declining since 1970, will continue to do so, but at a rate less than that experienced prior to the 1973-1974 embargo. Production will stabilize and then increase in the next few years as approximately 1.6 million barrels per day of Alaskan oil is transported to the lower 48 states.