Home Search The American Presidency Project
John Woolley and Gerhard Peters Home Data Documents Elections Media Links
 
• Public Papers of the Presidents
• State of the Union
Addresses & Messages
• Inaugural Addresses
• Farewell Addresses
• Weekly Addresses
• Fireside Chats
• News Conferences
• Executive Orders
• Proclamations
• Signing Statements
• Press Briefings
• Statements of
 Administration Policy
• Economic Report of the President
• Debates
• Convention Speeches
• Party Platforms
• 2016 Election Documents
• 2012 Election Documents
• 2008 Election Documents
• 2004 Election Documents
• 1996 Election Documents
• 1968 Election Documents
• 1960 Election Documents
• 2017 Transition
• 2009 Transition
• 2001 Transition
• White House Media Pool Reports
Data Index
Audio/Video Index
Election Index
Florida 2000
Presidential Libraries
View Public Papers by Month and Year

INCLUDE documents from the Office of the Press Secretary
INCLUDE election campaign documents, vice presidential documents, first lady, and other executive branch officals
Search the Entire Document Archive
Enter keyword: 


AND OR NOT
Limit by Year

From:
To    :

Limit results per page

INCLUDE documents from the Office of the Press Secretary

INCLUDE election campaign documents, vice presidential documents, first lady, and other executive branch officals

Instructions
You can search the Public Papers in two ways:

1. Search by Keyword and Year
You can search by keyword and choose the range of years within your search by filling out the boxes under Search the Public Papers.

2. View by Month and/or Year
Select the month and/or year you would like information about and press View Public Papers. Then choose a Public Paper and the page will load for you.

Search Engine provided by the Harry S. Truman Library. Our thanks to
Jim Borwick and Dr. Rafee Che Kassim at Project Whistlestop for critical assistance in the implementation of the search function, and to Scott Roley at the Truman Library for facilitating this collaboration.
 
Gerald R. Ford: Letter to the Speaker of the House and the President of the Senate Transmitting Proposed Legislation To Establish an Energy Independence Authority
Gerald
Gerald R. Ford
621 - Letter to the Speaker of the House and the President of the Senate Transmitting Proposed Legislation To Establish an Energy Independence Authority
October 10, 1975
Public Papers of the Presidents
Gerald R. Ford<br>1975: Book II
Gerald R. Ford
1975: Book II
Font Size:
Print
The American Presidency Project

Promote Your Page Too

THE ARAB oil embargo of 1973 dramatically illustrated our ever-increasing dependence on foreign oil. Two years have passed since the embargo was imposed. But our vulnerability has increased. Nearly nine months ago I asked the Congress to adopt the Energy Independence Act of 1975. Prompt action on this proposal would have provided the statutory framework necessary to achieve energy independence by 1985. Enactment of this legislation remains as crucial now as it was in January. I urge the Congress to complete action promptly on those proposals.

It is estimated that the capital requirements for energy independence will total about $600 billion over the next ten years. Risks are such in many of the projects necessary to develop domestic energy resources and reduce consumption that private capital markets will not provide necessary financing. The uncertainties associated with new technologies inhibit the flow of capital.

America cannot permit the excessive delays associated with the commercialization of unconventional energy technologies. New production is essential. Our national security and economic well-being depend on our ability to act decisively on energy.

Accordingly, I am herewith transmitting the Energy Independence Authority Act of 1975. This legislation would create a new partnership between the private sector and the Federal Government to assure action on vital energy projects in the next decade. The Federal financial assistance provided in this Act would be directed primarily toward the commercialization of those new technologies which offer the greatest promise to develop new supplies and conserve our present energy resources. The financing would be limited to those projects which would not be initiated without new Federal assistance. The EIA would be authorized to invest up to $100 billion during a seven year period. It would terminate after ten years.

This legislation also addresses the need to simplify and expedite the increasingly complex process by which Federal regulatory decisions affect energy development. It provides for a more effective Federal licensing process by authorizing a coordinated, single Federal application process and requiring Federal agencies to act promptly. The legislation would not alter the basic statutory responsibilities of Federal regulatory agencies.

The achievement of energy independence in the next decade requires a partnership of American business, labor, and government. Each partner must bear a fair share of the burden in the national interest.

The Energy Independence Authority Act of 1975 will give the United States the tools necessary to achieve energy independence. I urge its prompt enactment by the Congress.
Sincerely,

GERALD R. FORD


Note: This is the text of: identical letters addressed to the Honorable Carl Albert, Speaker of the House of Representatives, and the Honorable Nelson A. Rockefeller, President of the Senate.
Citation: Gerald R. Ford: "Letter to the Speaker of the House and the President of the Senate Transmitting Proposed Legislation To Establish an Energy Independence Authority," October 10, 1975. Online by Gerhard Peters and John T. Woolley, The American Presidency Project. http://www.presidency.ucsb.edu/ws/?pid=5318.
Home         
© 1999-2017 - Gerhard Peters and John T. Woolley - The American Presidency Project ™
Locations of visitors to this page