Word: feo
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Exxon announced last week that it would increase supplies to gas stations from 83% of their 1972 usage to 95%. Still, some FEO officials are proceeding on the assumption that the energy crisis is far from over. They are now trying to decide what conservation measures will be needed if the Arabs do unsheathe their oil weapon again in June...
...know their interests in energy matters. So far, his tangible successes have been minor; most recently, for example, he helped to force the Federal Energy Office to publish its contingency plans for nationwide gas rationing. And last week Energy Chief William Simon created an Office of Consumer Affairs within FEO-but at a public meeting coupled that announcement with another rejection of White's insistent demand for a price rollback...
...officials of the Federal Energy Office. The plan for crude oil at one point forced oil companies that had supplies sufficient to run their refineries at more than 76% of capacity to sell the "excess" to competitors who had less, at low Government-mandated prices. Rather than do so, FEO officials believe, some oil companies slashed imports. Some Government officials complain that weeks passed between FEO'S discovery of a decline in imports and Simon's decision to order needed changes in the program. One economist at the Council of Economic Advisers grumbles, "There was great reluctance...
...working overtime to find solutions. Late last month he ordered additional "emergency" allotments of fuel to 26 states and the District of Columbia. That required a drawdown in gasoline inventories that, if repeated, could have serious effects later this year unless the Arab embargo is eased. Simon believes that FEO can "cool off the situation within three to six weeks by shifting fuel from states with ample supplies to those that are hard...
These problems have been compounded by Simon's less-than-sterling performance as an administrator. FEO staffers say that he spends all too much time meeting with anyone who wants to see him and testifying before Congress. FEO has also suffered from the high turnover rate and lack of expertise of its staff. Many employees were assigned to FEO on a temporary basis, and have since returned to their agencies; their replacements had to start from scratch to learn their jobs. Moreover, the long hours that FEO officials have invested in getting the programs started have taken a toll...