The National Energy Act of 1978 was created in response to the energy crisis of the 1970’s. America oil consumption in the early 1970’s was rising, yet domestic oil production was declining. This made the US more and more dependent on foreign oil. In 1973, an oil embargo was imposed by the Organization of Arab Petroleum Exporting Companies (OAPEC), causing fuel shortages and prices to skyrocket. The price of oil shot from $3 to $12 in just 3 months after the embargo.
The oil embargo was lifted in March of 1974, but the price of oil continued to remain high. Many local, state and national leaders attempted to implement measures to conserve energy, such as asking gas stations to close on Sunday’s and Homeowner’s to do their part in not using …show more content…
It was comprised of 5 statutes. The Energy Tax Act (1) created a gas guzzler tax on vehicles produced with low fuel efficiency. It also offered an income tax credit to residents that used alternative energy in their home, such as solar panels, geothermal or wind energy. The Natural Gas Policy Act (2) gave the Federal Energy Regulatory Commission jurisdiction over most of the domestic gas production, set up pricing maximums and rules for allocating costs to industrial consumers. The National Energy Conservation Policy Act (3) changed the minimum energy performance standards set forth in the Energy Policy and Conservation Act of 1975. The changes included energy standards becoming mandatory instead of voluntary, required audits of federal agencies. The 1978 EPCA also provided loans to families to purchase solar heating or cooling systems, and established grants for schools, hospitals, local governments, and public housing authorities willing to use energy conservation measures. The Power Plant and Industrial Fuel Use Act (4) encouraged the construction of power plants fueled by coal, nuclear or alternatives to oil or natural gas and restricted the use of oil and Natural gas in industrial boilers. The Public Utility Regulatory Policy Act (5) was a Federal regulation that was left to states to implement. It was passed to promote the use of renewable energy and encourage cogeneration
The oil embargo was lifted in March of 1974, but the price of oil continued to remain high. Many local, state and national leaders attempted to implement measures to conserve energy, such as asking gas stations to close on Sunday’s and Homeowner’s to do their part in not using …show more content…
It was comprised of 5 statutes. The Energy Tax Act (1) created a gas guzzler tax on vehicles produced with low fuel efficiency. It also offered an income tax credit to residents that used alternative energy in their home, such as solar panels, geothermal or wind energy. The Natural Gas Policy Act (2) gave the Federal Energy Regulatory Commission jurisdiction over most of the domestic gas production, set up pricing maximums and rules for allocating costs to industrial consumers. The National Energy Conservation Policy Act (3) changed the minimum energy performance standards set forth in the Energy Policy and Conservation Act of 1975. The changes included energy standards becoming mandatory instead of voluntary, required audits of federal agencies. The 1978 EPCA also provided loans to families to purchase solar heating or cooling systems, and established grants for schools, hospitals, local governments, and public housing authorities willing to use energy conservation measures. The Power Plant and Industrial Fuel Use Act (4) encouraged the construction of power plants fueled by coal, nuclear or alternatives to oil or natural gas and restricted the use of oil and Natural gas in industrial boilers. The Public Utility Regulatory Policy Act (5) was a Federal regulation that was left to states to implement. It was passed to promote the use of renewable energy and encourage cogeneration