This Week in Petroleum History, November 9 – 15
November 9, 1978 – President Carter signs National Energy Act –
President Jimmy Carter signed into law the National Energy Act to cut oil imports and reduce energy demand. The 95th Congress legislation included the National Energy Conservation Policy Act, which mandated energy conservation in homes, schools, and public buildings. It also included the Power Plant and Industrial Fuel Use Act, the Public Utilities Regulatory Policy Act, the Energy Tax Act, and the Natural Gas Policy Act, which temporarily authorized the Federal Energy Regulatory Commission (FERC) to set price ceilings. (more…)
