Energy Bill Advances Slowly in Senate After House Vote
House backed an energy package avoiding a gasoline tax hike and set 1978 1985 model fuel standards with penalties on autos. Senate hearings likely mid July with debates over import quotas and tax relief for home insulation as part of a gradual shift to a new energy base.
MENTIONED IN THIS ARTICLE
Washington
Senate
Congress
Ford
al Ullman
D-Ore
Ways and Means Committee
House
Sam Gibbons
D-Fla
Barber B. Conable
New York
GOP
Ways and Means
Conable
Common Cause
Ullman
Estimates on U S oil reserves cut
The U S Geological Survey slashed prior oil and gas reserve forecasts. Atlantic offshore oil potential dropped to two to four billion barrels, about eight to sixteen months of U S production, with gas reserves shrinking to 322 to 655 trillion cubic feet.
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Washington
U.S. Geological Survey
Atlantic
Unite States
United States
Geological Survey
U.S
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