Word: petroleum
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SINCE LAST SPRING, the country's energy conscience has been dulled by the enervated atmosphere of stalemate in the Congress. As tunnel-visioned congressional partisans gradually weakened President Carter's courageous but by no means all-encompassing proposal to cut domestic consumption of petroleum, the public reacted with little more than yawns, and it now appears that little fuss would be raised outside of the White House if Congress passed no energy bill at all. The cautious tones of compromise now sounding on the Hill stand in stark contrast to Carter's battle cry of eight months...
...Andrus had a more convenient audience, a conference of coal producers in Louisville, Ky., to argue that Carter's energy program envisions "coal as America's ace in the hole that will win us the energy game in the years immediately ahead." Since some 16% of U.S. petroleum fuel is used in farming, Agriculture Secretary Bob Bergland is having no problem working plugs into upcoming speeches to rural audiences. One of his suggestions: the use of solar power to heat hen houses. Vice President Walter Mondale joined the parade with a pitch on NBC's Today show...
...imports. If their share of the market were increased to 9.5%, it would mean more business for the U.S. shippers and more jobs for U.S. seamen, but, economists estimate, it could cost the nation an additional $300 million for foreign oil. Because of higher transportation costs, the big petroleum companies would have to pay more for Arabian crude and charge more for gasoline at the pump. Hence the curious coalition between giants of the industry and consumer advocates in lobbying against the bill...
...which are today set at a Government-regulated price of about $8.52 per bbl. as a result of complex price regulations, must be allowed to rise to a world level of about $13.50 in order to discourage consumption and give the oil companies added incentive to explore for fresh petroleum sources inside the U.S. But they are convinced straightforward deregulation will amount to nothing more than a replay...
Such familiar energy lobbyists as the American Petroleum Institute, the Independent Petroleum Association of America and the A.G.A., which represents 33 of the nation's 120 interstate pipeline companies as well as 300 local gas firms, were active, of course. But so were the U.S. Chamber of Commerce, speaking for 70,000 member businesses, and the National Council of Farmer Cooperatives, which includes 118 farm and marketing co-ops and 3.5 million farmers. These groups had one overriding concern: they did not want a repetition of last winter's drastic shortage of natural...