Word: feo
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Sawhill himself announced last week that the FEO already has ordered oil companies big and small to refund $86.7 million in profits from sales of gasoline, home heating oil, diesel fuel and propane gas sold over the past four months at prices higher than those allowed by law. The refunds are being made directly to customers or, where records do not exist, in the form of lower prices. Some of the overcharges were the result of honest misinterpretation of federal pricing guidelines, Sawhill said, but others "were out-and-out examples of price gouging." Sawhill did not name the companies...
When William Simon was named to create the Federal Energy Office last December, his job was staggering but at least sharply defined: to cope with a full-blown crisis of menacing proportions. Now that he is leaving to become Secretary of the Treasury, his deputy and successor as FEO chief, John Crittenden Sawhill, faces a more complex and subtle challenge...
...been too busy fighting fires to pull itself together. Meanwhile he will have to fight bureaucratic battles against people who want to trim away the sweeping power that Simon enjoyed; some staffers at the White House and Office of Management and Budget, for instance, want to phase out the FEO's fuel-allocation program. And Sawhill will have to do all this at the age of 37, after a mere 13 months of Government service...
...task fazes Sawhill, he scarcely shows it. One of his top priorities will be the daunting job of putting some content into "Project Independence," a slogan for an as yet unformed program to give the U.S. some degree of energy self-sufficiency by 1980. Immediately after being named FEO chief, he pledged to have a final blueprint for the project on President Nixon's desk by Nov. 1. He readily admits that morale among the FEO's more than 2,000 employees plunged when the Arab oil embargo was lifted in March and the agency lost the crisis...
...wanted to get into public service, and when he was recruited by the Office of Management and Budget in April 1973, he not only cheerfully took a $60,000 salary cut but also changed his voting registration from Democrat to Republican. Seven months later, Simon chose him as deputy FEO chief...