Word: rationalize
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...Nixon Administration abhors the very idea of gasoline rationing, considers rationing unnecessary, and lacks the statutory authority to order it even if it wanted to. Nonetheless, Federal Energy Boss William Simon last week began gearing up the machinery to impose rationing, just in case. He ordered the Federal Bureau of Engraving and Printing to start printing a three-month supply of ration coupons, and announced a comprehensive-and imaginative-stand-by plan for their use. Key feature: a kind of Government-sanctioned black market or, in the words of policy planners, a "white market...
...highly detailed for one that the Administration will try hard not to invoke. Every one of the nation's 118 to 120 million licensed drivers over the age of 18 would be mailed a card entitling him or her to buy a month's supply of ration coupons, most likely at a bank or post office. Price: $1 per packet, to defray the $1.4 billion annual cost of the program. The basic ration would be a rather spartan 32 to 35 gallons a month, enough to permit only about 100 miles of driving a week in the average...
...businesses will be on a three-day week determined by a rota system-half working Mondays through Wednesdays, the other half Thursdays through Saturdays. Industries that depend on a continuous supply of power, such as oil refineries and steel furnaces, will have to live with 65% of their normal ration. The food industry will be exempt from the restrictions, as will such essential services as railways, airports, doctors' offices and newspapers...
...government-sensitive to shopkeepers, who make up a large proportion of the population-has partially relaxed the ban. Originally forbidden until 3 a.m. Monday, driving is now permitted after 8 Sunday evening. The Netherlands will drop gasless Sundays altogether January 7, when it becomes the first European country to ration...
Even a Cabinet-level energy emergency action group seemed to be reluctantly leaning toward rationing. At least it ruled out the most obvious alternative: piling heavy new taxes on gasoline in order to curb consumption. Members bowed to "political reality," as one put it, and concluded that such a boast could not get through Congress in an inflationary period. Treasury Secretary George Shultz, who argued to the end for the tax plan, finally agreed to have the group study a number of possible rationing plans. The leading one is the so-called "white market" system (TIME, Dec. 3), which would...