Word: costs
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Dates: during 1970-1979
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Washington adds to the confusion by demanding that the companies fill out barrels of reports, many of them overlapping and unnecessary. In all, 44 agencies conduct 261 energy data-gathering programs that will cost $100 million this year. The reporting guidelines are often as clear as crude oil. Typically, one big oil company last year submitted 375,000 computer print-outs and 577 miles of computer tapes to the Federal Energy Administration alone...
...reports on which catalysts and additives work best, even the monthly reports of Hitler's 25 oil-from-coal plants-fell into American hands at the end of the war. But crude oil was available then in ample supply at $2 per bbl., and the man-made oil cost up to five times as much. So the German documents were filed and forgotten. Wainerdi and Krammer found some of the papers in the National Archives in Washington and others stuffed into crates in Government buildings around the country. Until the two men came along, the documents had lain untouched...
Less easy to explain away was a steep rise in industrial commodity prices. Many basic products, including aluminum, rubber and various plastics, are getting more expensive all the time -and manufacturers have been moved, or at least tempted, to reflect the real or anticipated higher cost of supplies in their own prices. Take James Brownell, vice president of Florida-based Weatherking, Inc., maker of air conditioners: "I have seen in the past several months price increases from my vendors slip upward from five to seven percent. It scares the daylights...
...Review by the White House of all existing regulations-job safety, transportation, pollution control and the like -to try to reduce the cost of compliance by business while still meeting regulatory goals. The Occupational Safety and Health Administration, for example, is on the verge of requiring many manufacturers to further reduce noise in their plants, but the Council on Wage and Price Stability has reckoned that the price for business could run up to $32 billion a year, and OSHA may be obliged to retreat...
...will not be quite as voluntary as the Administration would have businessmen believe, and may not be as effective as Carter hopes. But it does have the virtue of avoiding formal controls, and the new attempt to see that the Government does not add unnecessarily to business's cost is a sign of progress...