Word: offsets
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There are, in fact, convincing reasons, some of them highly technical. Gasoline prices are federally controlled, but ceilings vary from station to station, some right across the street from each other, because their expenses vary. The price control formula permits dealers to offset the cost of gasoline, the rent on their gas stations, the wages of their employees and other overhead expenses, and still earn a profit. For competitive reasons, dealers normally sell at somewhat less than their maximum allowable prices; drivers shop around for the best prices when supplies are ample. But when a small surplus of oil turns...
...save on transportation and sightseeing in Europe is to take advantage of government-issued passes designed for foreign travelers. But beware: many must be bought in the U.S. in advance, an inconvenience offset by the fact that they will thus be immune to any vacation-time decline in the dollar. The pick of the passes...
...limited sense, he is right. Decontrol, however, can at best provide but little relief; it should not be the centerpiece of any energy policy. Moreover, the costs of decontrol are high and can only be offset by a strong windfall profits tax giving relief to the poor and funding new government energy programs. Carter says he wants the tax enacted but has already as good as killed it by failing to make decontrol of oil prices contingent on Congressional approval of the tax. Carter is either optimistic about the chances of Congress passing a strong windfall profits tax or believes...
...member of the non-partisan North-Eastern caucus which is designed to offset the Congressional voting power of such sun-belt states as California, Cohen said he has had to vote against his caucus and "go with my conscious" in some matters where he felt that the overall Federal benefits would outweigh his regional interests...
...fossil fuels. A ton of coal contains about the same amount of energy as 4 bbls. of crude oil, but at the going rate of about $25 a ton for most existing long-term delivery contracts, coal is only half as costly as OPEC crude. Unfortunately, the savings are offset by the huge costs of transporting and burning coal, and the tax incentives that the Administration proposed to ease that burden were woefully inadequate...