Word: decontrolled
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...mood. Though he has championed deregulation and revision of the U.S. criminal code, he is to the left of the Administration and the country on many issues. He remains strongly committed to such ambitious federal programs as his cradle-to-grave national health insurance. Unlike the President, he opposes decontrol of oil prices and restricting the money supply to combat inflation. He is in a bigger hurry than Carter to stimulate the economy in the hope of lessening the impact of the recession. He is likely to favor a payroll and business tax cut, but he would enforce wage...
UNFORTUNATELY NEITHER the decontrol of oil nor the production of petroleum from unconventional sources nor divestiture of the oil companies is likely to reverse the decline in domestic oil production. The argument that decontrol of oil prices would encourage oil exploration does not obscure the fact that "over 2 million wells have been drilled in the United States--four times as many as in all the rest of the noncommunist world combined." Shale oil would cost far more than conventional oil and takes too long to develop--"a production level equal to about half of one percent...
Boston School Committee President David Finnegan grouped White and Timility together, saying they both support vacancy decontrol, a policy that is driving rents up in the city...
...chairmanship of the powerful Subcommittee on Environment, Energy and Natural Resources. A second-generation American with Lebanese grandparents, Moffett, who studied government at Syracuse University and Boston College, is a longtime defender of consumer rights. He has spoken out against high energy costs and opposes President Carter's decontrol of domestic oil prices, despite arguments from those who feel that Americans will waste gasoline until prices go up. "Government programs are still wanted," he says. "My job is to cut out the waste and the junk, and to be a leader of the programs that work well...
...Administration is sure to cite the high earnings in its campaign to get Congress to pass a tax on the "windfall" profits the companies stand to receive under Carter's plan to decontrol the price of domestically produced oil Carter last week urged Americans to "let their voices be heard" against "an oil lobby working quietly" against the tax. While the public fumes at the big profits, most experts have defended the high earnings claiming that they finance further exoration. In any case, the profits boom is temporary: soon demand will come ore into line with supply, prices will...