POLICY/BOARD OF ECONOMISTS: Prescriptions for a Drastic Program

The shortage of natural gas that has closed factories and schools throughout the Northeast and Midwest is only the most visible and urgent symptom of the nation's energy crisis. Oil imports continue to hover at a record 44% of the nation's supply—a dangerous dependence on foreign producers that "has got to stop," as President Carter put it at his news conference last week. But domestic oil production is still declining; gasoline may run short during this summer's driving season because refineries will switch from making heating oil to gasoline much later than...

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