Word: surpluses
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...exchange for our natural gas being piped to the Eastern states [Feb. 7], we in the West urgently request their surplus snow, please...
...Federal Power Commission last year allowed the top price of natural gas piped across state lines to jump from 52? per 1,000 cu. ft. to $1.44, in an effort to prompt more production. The Emergency Natural Gas Act passed this month permits gas-short areas to buy from surplus areas at uncontrolled prices, and Eastern utilities are paying as much as $2.76 for gas piped in from California...
Along with all its energy shortages, the U.S. has one surplus-an abundance of public suspicion that natural-gas producers are holding down production to force prices up. In response to this feeling, several Government investigations were called last week to determine to what extent, if any, producers are deliberately withholding gas from the market. Interior Secretary Cecil Andrus sent a six-man team of investigators to Metairie, La., to examine the records of four offshore fields in the Gulf of Mexico that have reported sharp production declines. Says Andrus: "If it appears that gas has been withheld, then...
...Surplus Greed...
...read that Harvard has a $1 million surplus," one student said. The University has "enough money not to keep charging more," he said, adding that the rate of the increase seems disproportionately high compared to the rate of inflation...