Word: ifs
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Dates: during 1970-1979
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One part of the program that could have fairly quick impact, if Congress approves, is the creation of an Energy Mobilization Board patterned after the War Production Board of 1942-45. The energy board would consist of three members appointed by and responsible to the President. Their mission: cut red...
If the deadlines were not met, the board could make the decisions itself, and its rulings could be challenged judicially only in federal appeals courts. That would skip several levels of legal intervention; the lawsuits spawned by almost any energy project now often start out in local courts and migrate...
Even if Congress rejects some parts of Jimmy Carter's ambitious new design, the rising price of petroleum seems destined to awaken the nation from its energy stupor. As the cost of crude climbs, more and more technologies-some of them new and exotic, others as familiar as moonshine...
Most of these developments eventually would have occurred even if Carter had not introduced his new energy package. But his complex and costly program, provided it is ever enacted by Congress, will accelerate the trends by stimulating investment and spurring technological breakthroughs. Says Economist Arthur Okun: "If there is an...
Carter's program, which resembles the late Vice President Nelson Rockefeller's 1975 plan for a $100 billion Energy Independence Authority, would profit many companies, small and large alike. Any rush to build synfuel plants would bring new orders for makers of steel, drilling-equipment tools and construction...