Word: conservationism
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IT IS DIRECT. The U.S. could cut its oil imports by the goal of 1 million bbl. a day-or 5.5% of consumption-merely by printing coupons limiting what motorists can buy. Thus rationing, says one of its Senate advocates, Colorado Democrat Floyd Haskell, would have "an immediate conservation effect...
IT IS FAIR. Gasoline would be doled out according to need rather than the ability to pay. The impact of Ford's price approach, notes Senator Lee Metcalf of Montana, would be greater on the poor than on the well-to-do. Under rationing, Metcalf is persuaded, "everyone would...
Happily, though, there is also a good chance that the final result will be an economic-energy package better than the one that Ford himself has proposed. It could include bigger tax cuts than he has asked and an energy policy of gasoline taxes and tough conservation standards. The one...
Floor Fight. Similarly, the energy proposals grew into a consensus among a different group of advisers. Secretary of State Henry Kissinger early convinced Ford of the necessity of a tough conservation program. That was urgently needed, he argued, to stop the hemorrhage of dollars to oil-exporting countries and demonstrate...
ENERGY CONSERVATION