Current Trend of Production and Consumption of Sources of Energy

This study is concerned primarily with a backward look at the projections made in the Report to the President by the President's Materials Policy Commission issued in June 1952. Only a few years have elapsed since the date of this report, but definite statistics available then were often not later than 1947. Today we have figures for the intervening years through 1957-virtually a ten-year span. What, if anything, has happened during this decade that was unexpected or wrongly appraised? In the light of more recent data and trends, will we be justified in modifying the longer-term predictions made in 1952? This study will attempt to answer such questions. Major sources and forms of energy will be considered from the standpoints of ultimately available amounts and the rates of production and demand. Electricity: The PMPC projections were made on the basis of an unexpected growth of about 10 pct per year. This was at a time when some experts in the field were assuming growth rates of not more than 8 pct.