Word: eqilibrium
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...natural gas were decontrolled altogether, the congressional study estimates, the price would rise as high as $4 per m.c.f. before dropping back to $2.80 by 1985 as market forces came into eqilibrium. In this event, the homeowner's monthly winter bill would rise to $55.60 in 1978 and $70 in 1985. But no matter what the additional cost, industry lobbyists argue that only by decontrolling natural gas-and allowing the price to rise high enough to make it profitable to hunt for more-can the nation ensure an adequate supply (see ESSAY...
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