POLICY: A Superagency for the Crisis

Moving at last to cut through the bureaucratic confusion that has bogged down the Administration's attempts to deal with the energy crisis, President Nixon this week created a new superagency, the Federal Energy Administration. It will centralize all policy planning and manage federal fuel allocation, conservation, and perhaps eventually rationing, taking over units of the Department of the Interior, the Cost of Living Council and the Office of Management and Budget.

The new unit will be headed by William E. Simon, 46, now Deputy Secretary of the Treasury, who will report directly...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!