NATURAL GAS PRICES: The Case Against Federal Controls

NATURAL GAS PRICES

AS a fuel, natural gas heats 14 million U.S. homes and fires the stoves in 21 million kitchens. In politics, the booming young natural-gas industry, now seventh biggest in the U.S., sets fires from coast to coast, and especially in Washington. This week angry gasmen are fighting no less than seven bitter court battles against the U.S. Government; in Congress three separate bills have been introduced by Southern Democrats to remove federal price controls from gas at the wellhead. This issue—whether or not gas prices should be controlled in the field—has been burning hot ever since 1950, when...

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