ENERGY: Still the Most Nagging Headache

Despite a lack of public anxiety, demonstrated by the gutting of the oil conservation bill that finally passed the House last week, energy continues to bulk large in headlines in the U.S. and abroad. It remains the industrial world's most nagging long-run economic headache. Last week President Ford moved to increase U.S. production of nuclear fuel, Britain celebrated the start of oil production under the North Sea, and a new study indicated that the money piling up in the treasuries of the 13 members of the Organization of Petroleum Exporting Countries will remain a severe and highly unsettling problem for...

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