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Energy outlook grows tense as US faces trade deficits
The piece reports rising trade deficits and a potential $25 billion fuel balance shortfall by 1985, urging faster nuclear approvals, natural gas price relief, and Outer Continental Shelf exploration to boost domestic production while noting wide political and public opposition. It frames the dollar’s decline as a global disruption and highlights calls from Continental Oil Co. chairman McLean.
MENTIONED IN THIS ARTICLE
McLean
Continental Oil Co
Nationa Petroleum Council
U.S
Japan
American Chamber of Commerce
London