Shortages of natural gas, each more serious than the last, each just barely coped with and then forgotten, have plagued the U.S. every winter since 1969. The scarcity threatened for the winter of 1975-76 could be the real thing. Estimates vary, but one made last week by Democratic Senator Ernest Rollings of South Carolina is as good as any. He predicts that supplies will fall 1.3 trillion cu. ft., or about 19%, below potential demand, producing a shortage 30% worse than the one last winter.
Since natural gas accounts for about a third of all the energy consumed in the...
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