Word: transition
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...ever waited late at night for a Red Line train, you know some of the faults of Boston's mass transit system...
...minimum U.S. interests in the area are obvious. Raymond Hare, a ranking U.S. ambassador in the Middle East in the 1950s, summed them up as "right of transit, access to petroleum and absence of Soviet military bases." But how willing are the countries involved to have the U.S. intervene to protect those interests? A quarter of a century ago, the U.S. tried to answer that by helping to organize a Southwest Asian defensive alliance that included Turkey, Iran and Pakistan, but the fall of the Shah last year brought the end of that alliance...
Last July Carter pledged to use the proceeds of his proposed tax to set up an Energy Security Corp. to help develop an enormous new industry for the production of gas and oil from alternative sources such as shale and coal. Other revenues were to go for bolstering mass transit, subsidizing energy conservation and helping poor people pay part of the increased cost of fuel...
...addition, the Administration now seems inclined to switch away from its original plan to take all revenues from the oil windfall profits tax and use them for energy development, mass transit, and help for the poor to pay their energy bills. Instead, the idea now is to spend much of the money on a broad range of federal programs. Says a high Administration official: "The tax is going to raise more money than is needed. Our concern now is that the money is not tied up." This change might well incite new debate in Congress over the embattled windfall profits...
...gasoline? Hogwash. What we need is a $1-per-gal. tax, applied at the retail level only, with the resulting revenues directed exclusively toward development of mass transit and new energy sources...