Word: leveler
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Dates: during 1970-1979
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Price says he felt not outrage, but a combination of relief and regret when he read the transcript. "I recall it as a time of sadness. On a selfish level, I was glad I hadn't known [about the June 23 tape]. On a less selfish level, I kind of wished I had. Even at quite some cost to myself, I might have found some way of handling it. I might have ended up in jail, but it would have been worth it to salvage the presidency," Price says. "There were larger things at stake...
...from Congress have dimmed, defending its provisions has become Priority No. 1 throughout the Administration. Getting a comprehensive energy plan in place becomes more urgent with each passing month. Oil imports, which now supply about 49% of U.S. needs, are running nearly 10% ahead of last year's level; the oil import bill for all of 1977 will total an alarming $45 billion. The overriding goal of Carter's plan is to cut these huge figures down to size: by 1985 to reduce the growth of energy consumption to 2% annually, to cut gasoline consumption by 10% below...
...prices, now at an average $8.52 per bbl., to the current OPEC price of about $13.50 per bbl. The aim: to discourage domestic oil consumption. To encourage increased domestic production and reduce imports, the plan would allow the price of newly discovered oil to rise to the 1977 OPEC level, and the oil companies to retain the increased revenue. To lessen the draining effect of the wellhead tax on consumer spending power Carter proposed that much of the tax proceeds be recycled back to consumers in the form of rebates...
...cu.ft. Carter wants all the country's natural gas to come under price controls, but he would raise the ceiling to $1.75 per 1,000 cu.ft. The idea is to give producers more incentive to explore for natural gas, but to prevent them from raising prices to exorbitant levels. The House went along with this proposal; but the Senate, after a bitter, failed filibuster by members from gas-consuming states, voted to remove regulations from all natural gas. The conference committee has yet to get to this issue, but since Carter has said that he will veto any bill...
Working wives have an even greater say in the decision, especially if they hold a middle-or high-level job that cannot easily be matched in another city. Rand Corp. Demographer Peter Morrison notes that 41% of all married women in America are now working, nearly double the figure of a generation ago. "As the number of two-paycheck families increases," he says, "it is reasonable to assume that migration rates will continue to decline...