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...price approach, notes Senator Lee Metcalf of Montana, would be greater on the poor than on the well-to-do. Under rationing, Metcalf is persuaded, "everyone would make a sacrifice at every level." With the conservation goals contemplated today, all motorists would get coupons entitling them to 9 gal. per week...

Author: /time Magazine | Title: ENERGY: Rationing: Some Pros | 2/3/1975 | See Source »

Mishmash Threat. The Democrats' alternative, though, is not at all clear. Their formal program mentions both rationing and a gasoline tax as options to be considered, but the Democrats seem to be thinking only of a 100-per-gal. tax, and that would be too small to force

Author: /time Magazine | Title: THE RECESSION: Ford's Risky Plan Against Slumpflation | 1/27/1975 | See Source »

...result: the average price of gasoline, heating oil and other petroleum products would rise by about 100 per gal. Oil companies would reap huge additional gross profits, but Ford proposes to snatch them away by imposing a "windfall-profits tax," that, combined with regular taxes, would pull in $12 billion this year...

Author: /time Magazine | Title: THE RECESSION: Ford's Risky Plan Against Slumpflation | 1/27/1975 | See Source »

...decontrol measures are enacted as they are now proposed, the average price of crude oil in the U.S. will take a substantial leap from $9 per bbl. to $13. The Federal Energy Administration estimates that the average price of heating oil would rise from the present 38? per gal. to a maximum of 48?, and a gallon of gasoline could race up from its present price of 52? to as high...

Author: /time Magazine | Title: The Nation: Here Come Higher Energy Costs | 1/27/1975 | See Source »

Democrats: Either outright gasoline rationing or a gasoline tax increase of up to 100 per gal. or mandatory allocation of oil and other sources of energy-or some combination of those options. Also, fatter excise taxes on big cars...

Author: /time Magazine | Title: The Nation: Heading for a Policy Clash | 1/27/1975 | See Source »

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