Business: Carter Considers a Gas Tax

Despite some tough consequences, a promise of benefits at home and abroad

One of the most discouraging aspects of the Iranian crisis is how little it has moved the U.S. Government to counter the energy threat by taking dramatic action to conserve oil. Not only does the trauma in Tehran threaten at any moment to choke off deliveries of nearly 3 million bbl. of crude per day to an oil-thirsty world, but it increasingly jeopardizes petroleum supplies throughout the Middle East. U.S. Government officials calculate that a widespread upheaval in the Persian Gulf could...

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