Word: decontrolled
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...should adopt an energy program to slash its own oil consumption and so to alleviate upward pressure on petroleum prices in world-markets, which in turn compels developing countries to chose nuclear power. Ideally such an American program should include the decontrol of oil and gas prices (accompanied by tax relief for the hardest-hit consumers), the development of mass transit, and the adoption of solar power and conservation measures, which a group at the Business School recently said could cut the nation's energy consumption by 30 to 40 per cent...
There are only two choices before us in dealing with our energy problems. One is to rely solely upon high energy prices to bring demand and supply into balance. This policy would take quite a while to accomplish the nation's energy goals because, even with oil price decontrol, energy prices paid by the consumer will still be too low to reflect the real costs to the Moreover, taking this route would result in slower economic growth interspersed with recessions...
...area from the White House. Even though President Carter has emphasized the importance of conservation, conservation programs were sidetracked because of the massive synthetic fuel program that Carter proposed in mid-1979. To the president's credit, however, he did make a tough, but very desirable, policy decision to decontrol oil prices...
...speeches, Bush takes standard conservative positions. He wants to limit federal spending and to reduce regulations, while cutting taxes in ways to increase investment. He favors decontrol of energy prices and wants a windfall profits tax on the oil companies with a "plow-back" provision to encourage research and exploration. In foreign affairs, Bush says he would take strong stands against what he calls the Soviet Union's "very aggressive quest for hegemony...
...steep rise follows an unexpectedly sharp decline earlier this year. Then, the major oil companies and the nation's 12,000 independent smaller operators, who account for about 80% of all drilling, were putting off new exploration. Major reason: uncertainty over the decontrol of oil prices and new natural gas pricing regulations. The turning point came in June when crude began to be decontrolled. Oil from wells "newly discovered" after Jan. 1, 1979, began to sell at $28.81 per bbl. delivered to the refinery, rather than the artificially controlled price of $13.86. The additional oil from older wells produced...