Energy: Where the Carter Plan Stands

No longer a comprehensive program, but a needed first step

James Schlesinger carried his battle for the Administration's energy program deep into hostile territory last week, traveling to Houston to address a meeting of 3,000 oil and gas executives. They represented the industry that President Carter last month accused of plotting "the greatest rip-off in history," and Schlesinger's mission seemed to be to plead for peace and understanding. He did—but only to a point. Denying the industry's basic complaint that the Administration's complex plan does not offer enough in the way of incentives for...

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