Big breakup: energy in crisis
After the Arab oil embargo in the fall of 1973 Americans began experiencing the harsh realities of limited energy: soaring gas prices, the threat of insufficient fuel for winter, cutbacks in air conditioning, and the inevitable side effects of fertilizer shortages and rising food prices. The energy crisis in the winter of 1976-77 made the abstractions of our oil and gas supply real to all Americans. Almost overnight energy has become a political issue. Liberal congressment make political mileage by claiming that the real villains are not the Arabs but the American oil companies. Capitalizing on the prevailing anti-establishment mood, these congressmen have put before Congress bills that would break up the oil companies and allegedly benefit the consumer. This book shows conclusively that oil is not a monopoly industry. Nor is there any demonstrable gain to be made in barring the oil companies from certain phases of production. The evidence, to the contrary, is that such measures would not only create more insufficiencies, but prove disastrous to our economy. Divestitute is an issue, say the authors, that should not be a political football but a proposal that deserves the careful consideration of every thinking citizen.
- OSTI ID:
- 5073348
- Country of Publication:
- United States
- Language:
- English
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