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These charges against the FPC -characterized by Democratic Congressman John Moss of California as "one of the most powerful indictments of a federal regulatory agency within memory"-were contained in a study released last week by the General Accounting Office, the congressional watchdog agency. GAO investigators concentrated their fire on the manner in which the FPC acted under a regulation in effect since 1970. It is designed to increase supplies by permitting producers to sell gas at higher than regulated rates for 60 days. Allowing firms to go on selling high-priced gas beyond the 60-day period would require...
...Accounting Office recently noted that nuclear recovery of gas could be costlier than its proponents originally thought; the cracks created in the sandstone by the A-bombs may close faster than the AEC'S experts had predicted, limiting the amount of gas that could escape. In addition, the GAO touched on a subject worrying many oil companies. The natural gas deposits lie under much of the nation's reserves of shale, from which the companies hope some day to extract large quantities of oil. But the shale could become radioactive or otherwise damaged by the blasting, making...
...most Attorneys General and Presidents, this may be like leaving the fox in charge of the chicken coop. In 1972, the General Accounting Office reported 30 "apparent" violations of the law in the presidential race, but Justice followed up only four. Complains Comptroller General Elmer Staats, head of the GAO: "We do not have subpoena powers. We have to ride with whatever information we can develop through open records. And we cannot prosecute...
...White House waved its wand last week-and overnight former Vice President Spiro Agnew was left defenseless in Frank Sinatra's compound in Palm Springs. Finally knuckling under to congressional pressure, GAO rulings and public criticism of the nearly $200,000 spent on Agnew's protection since he resigned in October, the White House withdrew not only his Secret Service guards but his car and chauffeur too. Still, Agnew's trip to Palm Springs had a positive side. He sold his novel, A Very Special Relationship, to Playboy Press for "more than $50,000." The book centers...
...them on Capitol Hill and [part of] their job is to report back not only normal information but also the eating and drinking habits of everybody up there. We had a hard time cracking the General Accounting Office, but now the Navy has a commander at the GAO to keep it informed." Said another naval officer: "We used to handle cable traffic for the State Department, and we weren't above picking off a few messages...