Tighter supplies, rising costs and the prospect of some controls
Like fast-approaching storm clouds, the consequences of the political turmoil that shut down Iran's oil fields became clearer last week, presaging a period of trouble and uncertainty for Western nations. Higher fuel prices and some scarcities are inevitable in the U.S. President Carter warned that though the situation created by the Iranian cutoff is "not critical" yet, it "certainly could get worse." He said that the difficulties might be manageable if Americans "honor the 55-m.p.h. speed limit, set thermostats no higher than 65° and limit discretionary driving." Otherwise, the President added, "more...
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