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...million now. Reasons: the high prices would discourage import demand, spur a vast expansion in Alaskan oil production in secondary and tertiary recovery of oil from existing fields, and in offshore oil development. It also would make the widescale gasification and liquefaction of coal economically attractive. More likely, the FEA experts calculate, the price of oil will drop...

Author: /time Magazine | Title: ENERGY: Welcome Optimism on Oil Imports | 10/28/1974 | See Source »

...energy use by such methods as enforcing national highway speed limits and standards for auto gas mileage; establishing national lighting standards and offering incentives such as lower fares and parking surcharges to get people to ride mass transit. Despite President Ford's stress on voluntary energy saving, the FEA experts argue that in order to be effective, many conservation measures would have to be mandatory...

Author: /time Magazine | Title: ENERGY: Welcome Optimism on Oil Imports | 10/28/1974 | See Source »

...asked automakers to improve average auto-gasoline mileage by 40%, to 20 miles per gal., within four years-a goal so high it caught even FEA officials by surprise. If Detroit balks, says one Administration official, "we'll seek legislation...

Author: /time Magazine | Title: INFLATION: Small Weapons for the Two-Front War | 10/21/1974 | See Source »

DRIVING. A 100 per gal. gasoline surtax could save as much as 450,000 bbl. of oil a day. A 300 charge could conserve 750,000 bbl. a day. The FEA bases these estimates on recent experiences of how much gasoline demand went down as prices went...

Author: /time Magazine | Title: The Economy: Some Ways to Cut the Waste | 10/14/1974 | See Source »

...within a year could cut more than 2 million bbl. from daily usage. Given the political will, the nation could make even more enormous savings in ensuing years. The ripest area for cutbacks is in transportation, which uses 60% of all oil consumed by the U.S. The FEA has worked out a comprehensive program of a 300 per gal. gasoline surtax, mandatory fuel efficiency standards for new cars, high excise taxes on low-efficiency autos, and additional spending and operating subsidies for mass transit. Anticipated extra savings: 1.7 million bbl. a day by 1980, rising to 2.3 million...

Author: /time Magazine | Title: The Economy: Some Ways to Cut the Waste | 10/14/1974 | See Source »

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