Word: stepped
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Dates: during 1970-1979
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...They came to no sweeping decision. But by the time they emerged from the woods to face the harsh political realities of the capital, Carter had decided to lay out a new energy policy for the nation this Thursday. Late last week Carter also announced that his Administration would step up monitoring of prices and he would use "all his legal authority" to ride hard on future price increases...
What can Carter do? The 94th Congress gave the President authority to lift all controls on the price of most domestic crude oil effective June 1, a step that would make a trip to the gas station more expensive. At Camp David, Treasury Secretary Michael Blumenthal and Energy Secretary James Schlesinger urged the President to take such action. But Vice President Walter Mondale and Presidential Counsel Stuart Eizenstat complained that this would be a blow to low-income families. At the very least, they argued, decontrol should be phased in. Nevertheless, a consensus did develop at Camp David that domestic...
White House aides insist that Carter has not yet made up his mind. He could take the dramatic step of immediate decontrol, or he could choose the more modest, but politically safer option of gradually lifting controls on specified types of U.S. oil over two years. Carter is likely to ask Congress to include an excess profits tax that would prevent the oil companies from reaping a sudden bonanza. But whether he will urge that this tax be rebated to low-income families, be set aside for oil exploration or used to reduce his budget deficit apparently was undecided last...
...even the Pentagon wants to crank up the old draft again. General David C. Jones, Chairman of the Joint Chiefs of Staff, admits that "there were tremendous inequities in the previous Selective Service." The service chiefs, however, want registration revived and the draft machinery oiled up. Going one big step further, General Bernard W. Rogers, the Army's Chief of Staff, favors calling up about 75,000 to 100,000 young men a year, keeping them on active service for several months, and then assigning them to the IRR for six years...
...dwindling inventories. Exxon's supplies are becoming so tight that last week the company had to impose an $8 limit on gas purchases at its stations along the heavily traveled New Jersey Turnpike. Exxon also said it would not renew crude-oil supply contracts with other companies, a step that is going to make it harder for the firms that have been cut off to meet their own commitments...