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November 07, 1975 - Image 8

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Text
Publication:
Michigan Daily, 1975-11-07

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Frido, November 7, 1975

THE MICHIGAN DAILY

rage Sever

~rida9, November 7, 1975 THE MICHIGAN DAILY t'age Sevev

GRADUAL DECONTROL

Congress agrees on oil plan

i orberg
Nook *'fop

WASHINGTON (1')-Congres-
sional conferees reached agree-
ment yesterday on an oil-pric-
ing plan that would gradually
increase fuel prices after the
1976 elections. It was unclear
whether the legislation is ac-
ceptable to President Ford.
The complex pricing plan is
part of a broad energy bill that
Congress expects to approve
next week. Its passage and ac-
ceptance by Ford would end a
10-month stalemate between the
White House and the Demo-
cratic-controlled Congress over
setting a national energy policy.
THE PRICING proposal of the
Senate-House conference com-
mittee, which has been working
on the energy bill sinceOct. 6,
/would result in a four-cent roll-
back in the retail price of a gal-
lon of gasoline within the next
14 months, economists estimate.
By 1980, gasoline prices would
/l ' be increased by about 7% to 91
cents a gallon above today's av-
erage price of 60 cents.
The conferees are expected to
complete work on other provi-
sions in the bill early next week.
THE COMPROMISE p 1 a n
would retain federal controls on
oil prices for 40 months, through
the spring of 1979.
John Hill, deputy administra-'
tor of the Federal Energy Ad-
ministration, told reporters the
' pricing provisions are unaccept-
able to Ford, mainly because
they do not allow special high
S < prices for oil from Alaska.
But in several hours of give-
AP Photo and-take, the conferees resolved
their own differences and moved'
closer than ever before to the
pricing policy advocated by the
aster un- Ford administration.
ago. Still U N D E R THE compromise
1976. measure, the average price of
U.S. crude oil would be rolled
back and then gradually allowed
' to {rise to compensate for infla-

tion and to provide greater in- have allowed oil prices to rise1
centive for increased produc- gradually to keep pace with in-1
tion. flation while removing federal
However, the increases could controls from about half the
not total more than 10 per centj U.S. oil that is subject to con-c
a year. Rep. John Dingell (D- trols.
Mich.), a conferee, said he had!
been assured that the adminis- IN 4S MONTHS, all controls
tration would oppose the Demo- would have expired.
cratic proposals. The majority of the Demo-l
Earlier yesterday, Hill told a crats on the conference com-
House Government Operations mittee want to retain controlsf
subcommittee that he was dis- for only 40 months - through
mayed that Congress has not March 1979-but would hold do-r
acted faster to deal with the mestic oil prices much lower'
nation's natural gas shortage. during that period.
Ford says higher prices would
HILL SAID that unless inter- force Americans to conserveI
state natural gas prices are de- fuel and would mean more
regulated, it will be necessary money for the oil industry to
to pass emergency legislation produce more energy.
each year "to deal with short- Democrats say it is far more
ages which will only continue to important to hold down fuel
worsen." prices during a time of infla-
At the conference on the! tion and high unemployment.
energy bill Dingell tried to gain! The current price controls,
acceptance of a plan that he which expire on Nov. 15, have
said was acceptable to Ford. held the price of 60 per cent of
The Dingell plan, rejected 4 U.S. oil production at $5.25 a
to 3, would have resulted in barrel while the oil that is free
higher consumer prices for fuel of controls sells for $14. That
after about 10 months. It would results in an average for all
Center for South and Southeast Asian Studies
at The University of Michigan
presentsI
The Taraknath Das and
Mary K. Dos Lecture
by
Richard L. Park'
Prof. of Political Science at The University of Michigan
"THE EMERGENCY IN INDIA, 1975"
Rackham Amphitheater Tuesday,
8:00 p.m. Nov. 11, 1975

U.S. production of $8.75 per
barrel. H: .&*U
The oil-price provisions are PURPLE
only the most controversial part
of the bulky energy bill. It also
would require manufacturers to E
almost double the fuel efficiency P<ANT
of new cars by 1985; give theme
president authority to ration t r
gasoline during an emergency;
and requirerstates to carry out
fuel-conservation programs, and
require some power plants to
use coal instead of oil or
natural gas as a boiler fuel.
ONE OF OUR
} SPLENDIDLY
ECLECTIC
COLLECTION OF
191
Calendars
gg " At 11:30 and 4:00
SATURDAY, Nov..8
the Gelman/Palidofsky
+ will present excerpts
1 *fromthe Nov. 21-23
performances in
b k E THE GALLERY
303 S. STATE ST.
I Mon.-Sat. 9-10; SUN. 11-7
W uORwKSHOP
ON THE
Psychological Types
of C. G. Jung
SAT URDAY, NOV. 8
10 A.M. to 3 P.M.
(A LIGHT LUNCH WILL BE PROVIDED)
AT
- IQOUSB
the t~p~aL .timt AfouniAiorj
218 R. d i* *t o
Sarbor,i a 808-tdephone 665-0406

Will ard's i rhjzzper

A workman carefully walks along a steel web of "Willard's Whizzer," a roller co
der construction at an amusement park in G urnee, Ill., 45 miles north of Chic.
under construction, the theme park, named Great America, is scheduled to open in
Panel okays defense bud

f

-1

eG

WASHINGTON (R)-The Sen- The defense spending measure Advance Warning Air Command
ate Appropriations Committee is considered within guidelines! system.A
approved a $90.78 billion defense set by Congress in approving HOWEVER, it cut $114 million
appropriation bill yesterday, $7 its budget last May. The con- for research on the B-1 ad-
billion less than P r e s i d e n t gressional budget differs from vance#I bomber and denied an
Ford's budget request. President Ford's in providing additional request of $87 million
The committee approved with less for defense and more for for advanced procurement for
only minor changes the action domestic programs. the B-1.
of its defense subcommittee and The S e n a t e committee re- In a decision which the sub-
sent to the full Senate a bill that stored $88.6 million for the Tri- committee had referred to the
restores $564 million of the $7.6 dent submarine missile system, full panel, it allowed the full
billion cut by the House. $40 million for the Safeguard $132.8 million voted by the
defense missile system, $14.6 House for the new F18 light-
OsTGOING Secretary of De- mi ssreseah n the weight Navy fighter plane.
fence James Schlesinger had, million- '-for -research- on__t-e
urged the panel to restore $2.6' SAM-D air defense missile and
billion of the House cut. $20.8 million for research on theUt
University ofM ch

dlassifed

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NOW OPEN!
Supplying Information Concerning
WHAT'S GOING ON IN THE
UNIVERSITY AND THE
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igan

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Dr. Laila Abou-Saif
(Actinc Head of Direction Department,
Eavotion Institute of Dramatic Arts)
WILL SPEAK. ON
"THE EGYPTIAN WOMAN IN
THE MASS MEDIA"
4:00 P.M.-LECTURE ROOM 1, MLB
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5

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ffi"

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