Word: decontrolled
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...Favors oil decontrol. Voted for Carter's standby gas rationing plan...
...Favors oil decontrol...
...Favors oil decontrol...
Buckley faults Dodd as a big spender and for "consistently supporting Carter's willingness to allow the U.S. strategic position to erode." Buckley favors a bigger defense budget, a 10% tax cut and total decontrol of energy prices. Like many other liberals this year, Dodd calls for a moderate buildup of conventional military forces and restoration of price controls on all domestic...
...drilling boom in the U.S. is yet another demonstration of an old economic law: when prices rise, producers will attempt to increase their output. In 1978 Congress began phasing out price controls on natural gas, and in 1979 the Government started a gradual decontrol of crude-oil prices. The cost of oil and gas immediately increased, but the initial production results are impressive. U.S. oil output will rise by 2% this year, from 8.5 million bbl. per day to 8.7 million bbl.-marking only the third increase in a decade. The additions to natural-gas reserves grew by 35% last...