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Carter energy policy under fire in edited press critique
The piece targets President Carter's October energy conference, arguing his rhetoric misleads on oil and gas pricing, decontrol, and profits. It notes long term gas contracts shield existing supply, while new gas under decontrol would blend with old, raising costs. It compares profit margins to industry averages and criticizes taxes and power shifts to the federal bureaucracy. It concludes the program fails to boost supply and undermines free market goals.
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Carter