A Letter From The Publisher, Nov. 19, 1973

TIME has published dozens of stories on the energy crisis since August 1970, when the Business section described the already visible effects of the energy pinch on American industry. This week's cover story is our fourth major report on the situation. In the June 12, 1972 issue, we warned that the demand for energy in the U.S. and round the world was continuing to grow at an alarming rate. In April 1973 TIME, FORTUNE and SPORTS ILLUSTRATED sponsored a three-day conference at which political, business and environmental leaders were brought together to explore...

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