ENERGY: Making Everybody Unhappy

The energy bill signed into law by President Ford last week represented a full year's effort on the part of Congress, but it pleased almost nobody. Liberals conceded that while it will avert a sudden sharp rise in heating-oil and gasoline prices, it also virtually guarantees that Americans will go on using energy profligately. As for conservatives, the Wall Street Journal summed up their feelings by branding the bill a "monument to the Orwellian leviathan"; nearly every section "involves an infringement of individual rights or property rights." The controversial bill is politically palatable, but it will leave the nation far...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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