Ottawa Herald in Ottawa, Kansas

FEA Warns Carter of Tight Energy, Rising Costs

The Federal Energy Administration warns incoming President Carter of tight energy supplies and higher prices through 1985 and beyond. The report forecasts residential fuel bills could rise about 89 percent by 1985, driven by inflation and real cost increases, with oil demand potentially meeting production limits in the mid to late 1980s. It notes slower U.S. energy demand growth and suggests scenarios for natural gas price hikes and ongoing regulation impacts.