Abstract
A history is given of the events leading to the Congressional passage of the Natural Gas Policy Act of 1978, an act now being challenged by those who feel its pricing structure should be abolished. The controversy over the potential price of natural gas is marked by support of a national energy policy that would mix price incentives, directions for fuel use, and sentiment for natural gas prices determined solely by the competitive market. Within the natural gas industry itself, opinions on the matter differ between those owners of large old-gas reserves and the new breed of explorationists of new gas. The author concludes with her opinion that a pricing policy is a better way to deal with the nation's future energy resources. 22 references.
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