Word: feo
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Dates: during 1970-1979
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...doubt that the energy shortage is real and acute. Officials of Consolidated Edison put the New York City area on a round-the-clock 5% voltage cutback because the company had only a 9½-day stock of fuel left; that supply was dwindling steadily, and late last week FEO officials agreed to help Con Ed increase its reserves to a twelve-day supply. Airlines were also running short of fuel. Figuring that conventional sources of energy will remain scarce and costly, executives of RCA announced in Manhattan a major investment in solar energy. Next year the company will build...
President Nixon and Simon both reiterated last week that they hope that gasoline rationing can be avoided, and Simon's deputy, John Sawhill, reaffirmed that the odds for introducing it by summer are fifty-fifty. Just in case, the FEO put out details of what rationing would be like. Every driver over 18 would get an allotment of coupons every three months, probably at a local post office. Drivers in rural - '- areas would get 41-49 gal. a | month. Motorists in large cities that have relatively poor public transportation, including Miami, Pittsburgh and Washington, D.C., would receive roughly...
...would be taken away from the Pentagon and reallocated to civilian jetliners. Nobody seems to have consulted Secretary of Defense James Schlesinger, who protested angrily. The result was a "compromise," under which the Pentagon will keep 600,000 bbl. of its fuel at least for a while. Also, the FEO prompted scare headlines by announcing, in one set of hastily prepared allocation regulations, that gasoline production would be cut 25% below 1972 output, and took a full day to correct the figure...
...take the edge off America's voracious energy appetite, Simon has gone along with some big price increases. That approach is swiftly becoming the focus of what little sharp criticism he gets. Simon is the obvious target for those dismayed by the soaring cost of fuel, because as FEO head he is the nation's energy price controller as well as policy planner and allocator in chief...
...FEO, Simon runs a surprisingly informal shop. He drives his staff and himself through 12-to-14-hour days, with frequent long sessions on Saturday and Sunday and working suppers that feature pizza sent in from a nearby store. But meetings are small, informal and above all short. Simon constantly demands information from his staff, and will tolerate an honest "I don't know" far more readily than an evasive answer. Once when he was to appear on Capitol Hill, his staff showed him a two-page statement with an accompanying two-page data summary. When Simon expressed surprise...