Word: excesses
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...chances for a strong windfall profits tax would be nil. This year, Carter had the opportunity to engineer a trade--giving oil companies early-decontrol profits while passing a windfall profits tax that would over the next decade save consumers billions of dollars by recovering some of the excess profits. He has, for the most part, missed that opportunity. We now can only hope that most of his proposed tax plan will remain intact as it winds its way through Congress...
...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 week...
...tower behind the barn on his small farm and generates only 2 kw of power. But when the wind is right (about 15 m.p.h.), he has electricity to spare. So in 1977, Greenwald, 36, an assistant professor of industrial technology at Montclair State College, offered to sell his excess power to Orange and Rockland Utilities, which generates 695,000 kw of power...
Alfred Kahn, the President's senior inflation fighter, has warned that any agreement in excess of the guidelines would move the Administration to intensify its efforts to deregulate the trucking industry. That would make it easier for new firms to pick up lucrative routes. The trucking companies and drivers fear deregulation because competition may reduce rates, profits and job security. So far, key congressional committees have been cool to deregulation. There are major trucking firms in almost every congressional district, and they can bring much pressure on their legislators...
...Saudis are asking aloud why, in times of shortage, they should produce oil in excess of their plans so that America, with 6% of the world's population, can continue to consume 30% of the supply. If a treaty between Egypt and Israel is signed that does not meet Saudi expectations of fairness, relations with the U.S. are bound to get chillier...