More than 20 months have passed since the oil embargo of 1973, but the U.S. still lacks a comprehensive nation al energy policy. The Democrat-dominated Congress dislikes the Administration's energy platform, but has failed to produce an alternative. Just last week the House trounced the Ways and Means Committee's proposals to boost federal gasoline taxes and slap a tax on low-mileage automobiles. At the same time, the OPEC cartel announced that oil prices would be going up in October (see ECONOMY & BUSINESS).
In large part, the lawmakers' reluctance to vote a tough program of energy conservation stems from...
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