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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!