Energy: Some Action at Last on MEOW

After months of squabbling, a deal takes shape on natural gas pricing

One of Jimmy Carter's more memorable phrases was his description of his energy bill as "the moral equivalent of war." But the Administration has stumbled so badly in trying to get the program through Congress that the campaign has come to be known by the biting acronym MEOW. A major roadblock during the past five months has been a bitter and largely nonpartisan free-for-all on Capitol Hill over the removal or retention of Government price controls for natural gas. Last week, just a year after Carter first invited the nation...

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!