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Energy crisis seen as blessing in disguise by Simon
Dow Jones interview with Mark R Arnold captures Simon arguing the Arab embargo accelerates a needed shift to a high cost energy economy. He says 1974 calculations assume embargo lasts the year. outlines rationing, station closures, five to eight gallon limits, and transferable coupons. He criticizes artificial low energy prices and stresses long term self sufficiency.
MENTIONED IN THIS ARTICLE
Mark R. Arnold Dow Jones
Ottaway Service
Simon
Congress
Saudi Arabia
Britain