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Carter is likely to win agreement only on the principle that production of synthetic fuels should be encouraged???no international body, and no pledges of hard cash. The seven nations doubtless will exchange promises to cut oil imports and to expand production of coal and nuclear power, but not bind themselves to any specific steps to reach any of those goals...

Author: /time Magazine | Title: Nation: The Great Energy Mess | 7/2/1979 | See Source »

...imports be carried in U.S. vessels. He permitted?perhaps encouraged???vigorous antitrust action by his Justice Department, notably against AT&T. By taking blunt exception to a General Motors price hike, he forced a modest rollback. U.S. Steel, too, reconsidered a price increase when Ford grumbled...

Author: /time Magazine | Title: THE ADMINISTRATION: The Economy: Trying to Turn It Around | 1/20/1975 | See Source »

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