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July 15, 1975 - Image 10

Resource type:
Text
Publication:
Michigan Daily, 1975-07-15

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Page Tend

TE MICHIGAN DAILY

Tuesday, Juiy 15, 1975

1.. - ord ~requests end
~' oil price controls

Hands up
It may look like an exotic dance, but these are actually members of the Wenetchee, Wash-
ington, YMCA on a canoeing and desert survival program lined up at Potsdam Reservoir sand
dune.
COMAPLAINT?
missing out
on some of the
DAILIES because
J: t f . t+0 ofdelivery
'imistakes?
r,3 y
OR ..c
disagree with a bill
we sent you for THlE DAI[Y?
WE'D LIKE TO TRY TO STRAIGHT-
EN OUT THAT PROBLEM,BUT WE
CAN'T IF YOU DON'T LET US
KNOW ABOUT IT.
Monday thru Friday, 10 A.M. to 3 P.M.
CIRCULATION -,'""7-
DEPARTMENT

(Continued from Page 1)
IN A WRITTEN statement
distributed to reporters yester-
day morning, Ford said ! veto
wotld be "my only alternative'
if his proposal for phasing out
the price controls is rejected.
H-owever, Ford tuned that dowvn
later in the day, saying a veto
would be "one alternative."
There was also a last mtotte
change in the schedule for send-
ing the proposal to Congress.
The White Hotse originally an-
nounced that the proposal wouttd
go to Congress yesterday. But
minutes later, White House
Press Secretary Ron _ Nissen
said the proposal would not be
sent to Capitol Hill until later in
the week to allow time for dis-
cussion and public dialogue.'
HE SAID the decision to wait
until later in the week grew out
of an early morning meeting
with Democratic and Republi-
can congressional leaders.
But Nissen said Ford has no
plans to alter the key elements
of his planned administrative
action.
Ford estimated that the price
hikes resulting from the decon-
trol proposal would trim con-
sumption by 300,000 barrels of
oil a 'day. Combined with his
o t h e r conservation measues,
Ford estimated the total savings
would amount to 900,000 barrels
per day. U.S. oil consump-ion
totalled about 17 millions a day
as of January 1975.
FORD PREDICTED that phas-
ing out the price controls would
add 1 to 1 cents to the price
AUGUST
GRADUATE?
The deadline for order-
ing cops & gowns has
been extended to July
16, 1975.
ORDER AT
THE UNIVERSITY
CELLAR
769-7940

of gasoline by the end of this
year, 4 cents by the end sf 1076
and 7 cents by the end 4f 1977.
Senate Democratic I e a d e r
Mike Mansfield, who attetoded
the meeting between Ford and
congressional leaders,stoid "I
sas concerned about the s'5cct
on inflation.'
Inflation "is now abo9t 9.5
per cent, and may ret'rn to
dostle digis inflation with so
increase in the cost of gaso-
line," he said.
C H A R L E S SCHUI.TZE, an
economist on the staff of the
Broskings Institution, told the
congressional J o i n t Econtomic
Committee that if the govern-
ment fails to take "large scale
fiscal and monetary meatt.;res"
to offset an oil price increase
could have on consumer pur-
chasing power, "a disastrous
blow will be struck Lt the
economy."
"The gathering forces of re-
covery from the deepest deces-
sion in 30 years will be abort-
ed," he said. "The nation will
be condemned to many more
years of exceedingly high un-
employment and lowered living
standards."
However, Ford administration
officials estimated the decontrol
proposal would cause an in-
crease in the Consumer Price
Inodex of less than 1 per cyst
over the next 2/2 years.
HOUSE Speaker Carl- Albert
said Ford "would get along bet-
ter with Congress and the 'sub-
lic" if he stretched out the de-
control plan.
"I think the President is no-
ing too fast in this area," he
said.
House Democratic L e a d e r
Thomas O'Neill Jr. of Massa-
chusetts, said that with con-
tinued availabiilty of domestic
oil and r e c e n t l y increased
prices, he did not expect Coan-
gress to go along with Ford's
plan.
Ite said he would favor a de-
control measure that went into
effect over a longer period of
time and included other energy
measures to take intp account
price controls on natural gas.

MICHIGAN
REPERTORY '75
AT THE UNIVERSITY OF MICHIGAN
TONIGHT thru July 25
THE RIVALS
tn repertory with
THE HOT L BALTIMORE
TOMORROW thru July 26
PERFORMANCE TIME 8:00
Ttckets available at Mendelssohn Bos Office
763-1085
Tickets also avoilable at Hudson's
Monday-Fridav 12:30-5:00
Performance Davs 12:30-5:00 and 6:00-8:00
*Recommended for mature audiences

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