| OCR Text |
Show Families THE FIVE THOUSAND producers of gas large and small believe that the free competitive system which has increased your gas supplies and kept rates low is the best for consumers, for the industry, and the economy; They believe the proposal to abandon . competition and clamp bureaucratic gas to more consumers have been suspended since regulation took effect. Hasnt Gas Always Been Regulated ? Gas distribution, yes. It makes sense to have only one pipeline bring gas to a community and one gas company distribute it in the community. Both do a good, efficient job for you, and as monopolies controls on gas production will hurt con- they are naturally regulated. But theres no monopoly in sumers, damage the industry, and benefit no one. Here are some answers to questions you as a consumer may have on this vital issue. What Is This Regulation ? Sixteen years after a 1938 law was passed, a new interpretation of some of its words now forces the Federal Power Commission to do what it has to fix the price eleven times refused to that an interstate pipeline pays the 5000 competing producers who find the gas and get it from do--t- ry the ground. Will This Regulation Reduce Our Gas Bills? Hardly. Only about 10 of the average gas bill goes to the producer who finds tb gas and sells it. The other 90 pays for constructing, maintaining and operating the long distance pipelines and local distribution systems already regulated. , finding gas. Far from it. Gas production is risky and keenly competitive. There are five thousand large and small producers looking for gas and finding it in only one out of every nine exploratory wells they drill. They compete vigorously to sell their gas. A single pipeline may buy from 200 or more producers. cerned with natural gas. It includes a great many large and small gas and oil producers. All believe g there is no more reason for OPA-lik- e on gas than on steel, coal, autos, meat, or shoes, which could be next. All believe that free competition is better for all of us than a economy, which has historically led to stagnation, scarcity and rationing. price-fixin- price-controll- What Can I Do ? You can reason out the issues, reach your own conclusions, and make those conclusions known to your friends and neighbors. Is Gas Different from Coal or Oil ror Grain? -- It isnt. g for natural gas And if theres coaf at the for next well so be there can the at mine or oil at the well or lumber in the forest, or grain on the farm. price-fixin- How Did The Consumer Fare Before This Regulation? Heres the record. In the past 16 years natural increased 200 and the price has gas production the consumer paid for gas has risen only 1llth as much as the general cost of living. Do Only A Few Big Companies How Will Regulation Affect Supply? Produce Gas? will reduce the supply. Most natural gas is produced by wildcatters and other independents'. They are used to keen competition and big risks. But put them under Federal controls with permits, endless forma, liconaes, hearings and suits and the work ef exploration is sure to suffer. Three new pipeline project to bring No. The largest 37 companies produce less than half the nations gas. No single company produces The small producers do more exmore than ploratory drilling than do all the big companies combined. And none of the producers has any monopoly, any exclusive franchise, or any It What Is The Natural Gas and Oil Resources Committee? It is made up of companies and individuals con- 5. Under free competition without federal regulation Natural gas became plentiful output rose two hundred per cent in the past sixteen years. Natural gas stayed reasonable and gas prices to the consumer rose as much as livonly ing costs in the past sixteen years. Natural gas has helped create thousands of jobs in industry and now one-eleven- th h supplies energy resources. one-fourt- N0W...zz ; cumbersome federal controls threaten all this progress. FOR MORE FACTS WRITE FOR THIS BOOKLET NOWI You have the right to know the fact a about this new government regulation a peacetime control of free, competitive producers. Send today for the booklet, "Natural Gas A Key Resource in Jeopardy." ROCKY MOUNTAIN NATURAL GAS AND OIL RESOURCES COMMITTEE George F. McMillan, Chairman of the nations 1330 Leyden, Denver 20, Colorado |
