Last May Deputy Secretary of the Treasury William E. Simon told a Senate committee that there was only one sure cure for U.S. fuel shortages: "power to create a barrel of oil or gasoline." His appointment as head of the new Federal Energy Administration will not make him that kind of magician, but it will vastly enhance his ability to impress on the rest of Government a sense of urgency about the energy crisis. Simon has been displaying that urgency for months.
The contrast between Simon and John A. Love, the man he will replace as energy czar, could hardly be greater....
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