Word: feo
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...York regional office took phones off the hooks so that no callers could get through. Simon installed experienced administrators in the offices and issued guidelines that have enabled them to reduce the backlog of unanswered letters to 2,600 and to field phone calls promptly. The FEO staff is also shifting fuel from well-supplied regions to areas facing shortages. Simon's predecessors took far too long even to start looking for ships that could carry oil to New England, the most threatened region. Last month Simon's office informed New England utility executives that it had located...
...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...
...revised set of allocations, put together hastily by his Federal Energy Office to meet a Congress-set deadline. They contained one monumental blooper: as originally put forth, the regulations would have forced refineries to cut gasoline production 25%. After a day of scare headlines and stock market rout, the FEO confessed its error and announced that it would really order only a 5% reduction, based on 1972 levels...