Word: rationality
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...happens, says Federal Energy Chief William Simon, it would "make our job a hell of a lot easier. We will be able to supply industry with 100% of its needs and allow it to grow." Another immediate result: the Government would dismiss any thought of imposing nationwide gas rationing; the ration coupons that Government printing offices are still turning out would never be used...
...Federal Energy Office made it official last week: it has "certainly decided" against beginning nationwide gasoline rationing on March 1. Administrator William Simon had previously picked that date as the earliest the agency could begin distributing the ration coupons the Government has been printing. So, for at least the time being, the only hope that motorists have for shrinking the long and frustrating lines stretching from gasoline pumps lies in the local rationing plans that are spreading across the country. Last week six more states-Maryland, Massachusetts, New Jersey, New York, Pennsylvania and Washington-and a number of cities, including...
...improved outlook prodded the Senate to scuttle temporarily the Emergency Energy Act, which would have given President Nixon authority to ration gasoline. An odd political alliance-Democratic liberals, Republican conservatives and ardent environmentalists-voted decisively to send the bill back to a House-Senate conference committee. This week the conference committee will consider several possible revisions to the bill, including the substitution of a plan to roll back some domestic oil prices for its controversial provision to curb windfall profits...
President Nixon and Simon both reiterated last week that they hope that gasoline rationing can be avoided, and Simon's deputy, John Sawhill, reaffirmed that the odds for introducing it by summer are fifty-fifty. Just in case, the FEO put out details of what rationing would be like. Every driver over 18 would get an allotment of coupons every three months, probably at a local post office. Drivers in rural - '- areas would get 41-49 gal. a | month. Motorists in large cities that have relatively poor public transportation, including Miami, Pittsburgh and Washington, D.C., would receive roughly...
...plan is complete down to some intricate details designed to avert cheating and frustrate would-be black marketeers. The ration coupons will be about a third the size of a dollar bill and, like currency, they will be printed by a difficult-to-counterfeit intaglio process. When a driver bought gas and handed over his coupons at the pump, he would have to sign his name and write his license-plate number on each one, so that they could not readily be reused. The coupons would be good for only 60 days, so that speculators would be discouraged from hoarding...