Word: conservationism
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6) A rather mild fuel conservation program that will rely on voluntary frugality.
Promising Measure. The tax changes, while helpful, are so relatively modest that they can hardly be expected to substantially help low-income people. The public-service jobs program is not likely to solve the problems of a large proportion of unemployed workers. Some state, city and town administrations will probably...
What they said remains unannounced (at the insistence of the Japanese and the Europeans, who all fear antagonizing OPEC), but it is known that there was no talk of military confrontation. Instead, the U.S. proposed that major industrial nations reduce oil imports by enforcing strict energy conservation measures. Kissinger and...
Though this particular summit ended without agreement, the fact that the five had met (and that France had agreed to participate) was encouraging. The meeting might create a momentum leading to a kind of "energy NATO" that would give the U.S. a chance to try its strategy for bringing down...
Hot Sales. Of course, any strategy for bringing down oil prices will require the consuming nations to impose energy-conserving measures. While there was much talk of this during the Arab embargo, many conservation efforts quickly faded when the oil started flowing again. But recently some further progress has been...