Word: fea
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...would suffer more than city dwellers, because they are not served by adequate mass transit systems. A network of local rationing boards would probably be created to deal with hardship claims. But there would be much bureaucratic adjudication of minute details of Americans' private and business lives. By FEA'S estimate, rationing would require the creation of a massive bureaucracy of as many as 25,000 full-time employees. Even Senator Mansfield concedes that any rationing program would require "a lot of fine tuning...
...prices would spur a 114% rise in U.S. oil production over a decade while depressing consumption, thus enabling the U.S. to stop importing oil altogether. In this area, the OECD researchers are even more optimistic than the Federal Energy Administration; in its Project Independence Blueprint published last fall, the FEA foresaw imports still hovering at 3.5 million bbl. a day in 1985, even in a high-price situation. A price drop to $7.20, the OECD continues, would leave the U.S. still importing 5.1 million bbl. a day by 1985, while a return to $3.60 oil-which is improbable...
Secretary of the Interior Rogers Morton, chairman of President Ford's Energy Resources Council, told reporters last week that the FEA report bolstered the arguments-which he and a small group of experts are preparing for the President's consideration-that an increased federal gasoline tax should be a part of the nation's energy policy. But Ford declared during a swing through the Southwest: "I don't know how many tunes I have to say we are not considering an additional gas tax." A spokesman for Morton quickly announced that the Secretary would not "push...
Gibson denies that his ties to Interstate would influence the decisions about the oil and shipping industries that he would make at FEA and implies that his troubles are the result of Washington backbiting. "There are people in town who, for reasons best known to them, would like to cut my throat," he says. His problems illustrate the difficulties involved when the Government appoints to a regulatory agency a man from the industry that is regulated. Given the post-Watergate climate, some Senate aides think that the Senate will refuse to confirm Gibson's nomination-if it ever gets...
...FEA polls show that Americans, who are perhaps unjustly accused of being galvanized by nothing less than all-out war, are ready to adopt measures to conserve energy despite the costs involved. This willingness to accept some austerity may reveal a realism about the horrendous international problems created by extortionate oil prices. Or perhaps the dire drumbeat of warnings about diminishing reserves of raw materials has made the difference. Self-preservation, like charity, starts at home. Either way, it may well be that Americans will accept sacrifices, if only someone calls upon them for more than voluntary half measures. Just...