Word: decontrolling
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Total decontrol would not necessarily bring an immediate leap in prices. Major oil companies that have large stocks of cheap domestic oil might well hold down prices temporarily in order to gain a competitive advantage over independents, such as Ashland and Amerada Hess, which must import expensive foreign oil. (The independents would suffer another penalty: the allocation program that forces the majors to share some domestic oil with them would expire along with the controls.) A delay in price boosts would be especially likely if Congress votes to tax away most of the "windfall" profits that oil companies would reap...
...business inventory cutting alone almost guarantees growth in U.S. output at an annual rate of about 7% for the rest of 1975. Nonetheless, the long road back to full prosperity contains many potential pitfalls, which were all too evident last week. President Ford finally produced a plan for gradual decontrol of oil prices that has a chance of passing Congress, but some threat remains of an abrupt jolt to the economy when present controls expire Aug. 31. A June spurt in consumer prices indicated that inflation is not yet dead, and a renewed rise in interest rates stirred fear among...
...raising the price of domestic oil and natural gas in order to reduce consumption and stimulate production. Unable to agree among themselves and afraid of retaliation at the polls because of higher prices, the Democrats have failed to pass an alternative program. Last week Ford announced that he would decontrol the price of oil over a 30-month period; once again, the Democrats reacted negatively by threatening to vote against the move. They contend that removal of controls would add to inflation and unduly reward the oil companies. But there is a certain amount of give in the position...
...approaches of the White House and the Democrats who control Congress. The Ford Administration favors relatively swift abolition of fuel-price controls in the belief that high prices will force conservation and stimulate domestic production. Last Saturday, Ford announced that he will send to Congress this week a price-decontrol plan for domestic oil. The Democrats, fearful of the inflationary impact of decontrol of oil and gas, advocate price adjustments within the framework of continued federal price regulation...
...thousand cu. ft. Both the White House and the Senate Democrats would hold the price of "old" gas from wells already in production at roughly its present level to soften the economic impact of the higher new gas prices. The White House, however, has called for decontrol of all new gas, allowing the price to rise to whatever the market will bear. Senate Commerce Committee experts predict that that approach would raise the fuel bill of the average U.S. family by $2,888 over the next six years; their own plan, they say, would hold the pocketbook impact...