The Hokum Shortage

April 1979
New Republic;4/21/79, Vol. 180 Issue 16, p3
Describes a press conference in which United States President Jimmy Carter came out fighting a week after his speech on the energy shortage and his administration's energy policy. Moderate, restrained, low-keyed Carter way; Appeal to the American public for help with persuading Congress; $13-billion windfall profits that will flow from deregulation into the petroleum industry; U.S. payments to Saudi Arabia; Oil companies' spending on mergers and acquisitions rather than on more prospecting.


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