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Simon Sees End to Lines If Oil Embargo Lifts
Washington AP William E Simon the energy chief said lifting the Arab oil embargo would shorten gas lines but would not halt price rises. He argued allocations could curb shortages this summer and emphasized continued government control of gasoline prices and supplies even if embargo ends. He also noted continued caution about future shortages and potential policy shifts while highlighting conservation lessons and regional price effects.
MENTIONED IN THIS ARTICLE
Washington
Federal Energy
William E. Simon
Simon
Energy Office
New England
Cairo
Treasury Secretary
Treasury