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Major Oil Policy Revision Could Ease Energy Crunch
The article argues for a sweeping shift in U.S. oil policy to end the energy crisis. It projects higher consumer prices for gasoline natural gas and electricity and outlines Nixon administration plans including decontrol of some natural gas prices expanded offshore drilling and new energy funding. It notes growing import dependence from the Middle East and North Africa and calls for a long term self sufficiency program akin to the Manhattan and space efforts.
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