Campaign to Increase Gas and Oil Prices Probed
Washington watchers note a rising consumer protest as natural gas price hikes affect Chicago and 17 northern Illinois counties. Rep. Sidney Yates introduces a bill to revert rate bases to actual costs after the Panhandle Eastern Pipeline ruling, a move Senator Paul Douglas forecast would raise costs nationwide. The public debate hints at a broader oil and gas industry campaign ahead of Congress.
MENTIONED IN THIS ARTICLE
Washington
Sidney Yates
Chicago
Illinois
People Gas and Light Company
Rep. Yates
Federal Power Commission
Panhandle Eastern Pipeline
Paul Douglas
Ill
Senate
Congress
Panhandle
Oil interests push to weaken federal regulatory power
The drive targets the Federal Power Commission over natural gas pricing and regulation. Oil interests back a bill to exempt producers from FPC oversight, aiming to repeal Phillips Petroleum precedents. Officials warn of a broad, well funded campaign with monitoring teams and nationwide advocacy.
MENTIONED IN THIS ARTICLE
Ing
Hoover
Roosevelt
Supreme Court
Phillips Petroleum
Federal Power Commission
FPC
Phillips
Kerr
Truman
Congress
San Francisco
James H. Lee
Detroit
Wall Street Journal
Houston
New York
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