Carter's secret summit: special report
The energy crisis has caused confusion and conflict. President Carter, in an attempt to formulate energy proposals and to forge the national will to execute them, assembled political intimates, visiting politicians, economists, and religious leaders at Camp David in July, as described in the initial part of this Special Report. U.S. postwar prosperity ended in 1973--1974 when OPEC quadrupled oil prices and, for the first time, restrained supply. This is discussed in the second portion of the report, The Supply Dilemma, Why We Must Act Now. In the third portion, What Must Be Done, Newsweek then presents a series of nine proposals that demand national consensus and immediate action. These are: decontrol of domestic oil, natural gas, and gasoline prices; the U.S. must take steps at once to end its role as helpless hostage to OPEC; vehicles, equipment, buildings, and appliances must do their work in the most energy-efficient way; coal must be used to help build a synthetic fuels industry; the nation must phase in a synthetic fuels capability over the next decade; the known risks of burning coal are greater than using nuclear power and the U.S. must retain the nuclear option; financial incentives should be provided for residential solar devices; reforms must be made in the transportation sector; and the Federal role must be productive (provide massive research projects, establish a fast-track decision-making process for large-scale energy projects, make oil industry information available to the public after being collected by DOE, establish a strategic petroleum stockpile, and open some new Federal lands for energy resource exploration).
- OSTI ID:
- 6301450
- Journal Information:
- Newsweek; (United States), Vol. 114:3
- Country of Publication:
- United States
- Language:
- English
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POLICY AND ECONOMY
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