Love calls for balance amid energy crisis backlash
White House energy czar John Love warns environmentalists risk losing public support unless they pursue a practical balance between resource development and environmental protection. He cautions about a possible backlash from energy-shortage groups if restrictions tighten and oil supply worsens.
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Energy official warns of potential heating oil shortage
John Love, energy czar, says current heating oil supplies are about eight million barrels above last year but notes last winter was mild and inventories were weak. If demand rises sharply, a shortage may occur.
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John Love
Drillers chase gas over oil amid price spike shift
United Press International reports major and independent drillers are pursuing gas rather than oil due to rising wellhead prices after policy changes by the Federal Power Commission. Interstate contract prices near 50 cents per thousand cubic feet spurred activity in Rocky Mountains, mid continent, North Texas, Permian and Appalachian basins. Gas wells comprise 22.3 percent of U.S. drilling, with 2,725 completions in the first six months of 1973, up 29 percent from 1972.
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