Word: cu
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Dates: during 1970-1979
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...choke off a filibuster that was delaying Carter's whole energy package. At issue was the emotional question of whether federal controls should be lifted from the price of newly discovered natural gas that is sold across state lines. The federally fixed price is $1.47 per 1,000 cu. ft. (or m.c.f.); gas that is produced and sold within a state's borders is free of such controls and generally goes for $2 per m.c.f. to $2.25 per m.c.f. As it had done only two years ago, the Senate voted to remove price ceilings on new gas produced...
...many communities in south Texas, though just as hard hit, have been able to scrape by without having their gas turned off. But the hardships have been real. With the cost of exploration rising, producers have hiked prices for most consumers from 36? per 1,000 cu. ft. in 1972 to more than six times that amount today. For an average family, that means a bill running anywhere from $40 to $70 higher per month. Many people have had to move to smaller houses, others double up with relatives. Farmers have curtailed planting-gas is needed for irrigation pumps...
...price of natural gas were to be deregulated? That question sums up public concern in much of the country. But no price controls exist for millions of consumers in major gas-producing states, such as Texas, Louisiana, Oklahoma, New Mexico, .Wyoming, California and Kansas. Of the 20 trillion cu. ft. of natural gas used each year in the U.S., roughly one-third is not subject to federal controls, since it is both produced and consumed within a single state's borders. This unregulated, intrastate gas now sells generally for as much as $2 to $2.25 per 1,000 cu...
Crystal City took more provocative action. In 1972 its city council voted unanimously to keep charging its customers 34? per 1,000 cu. ft. The town fathers contended that they had no choice, since more than 67% of the residents are below the poverty level. But the decision was also in keeping with the town's combative political reputation. The birthplace of the militant Mexican-American La Raza Unida (the United Race) Party, Crystal City has stressed racial solidarity at the expense of economic growth. As taxes soared, businesses have fled...
...Senate could wisely take several other steps to improve the energy program that sailed through the House almost intact. One would be to phase out controls on natural gas, leaving prices to find their own level in a free market. The present controlled price of $1.47 per 1,000 cu. ft. is too low to lure enough gas out of the ground-as witness last winter's factory and school closings. A move to deregulate has run afoul of an on-again, off-again filibuster by Senators from states that rely heavily on low gas prices. The most likely...