IMPACT: Sizing Up the Winners and Losers

The Carter energy program is so comprehensive that it will affect just about every industry and form of enterprise in the country—many in ways that cannot be assessed accurately until Congress finishes with the package. But already executives and investors are sizing up which industries and companies will be most helped or hurt. The potential losers—some oil producers, automakers and utilities among them—are openly annoyed. The prospective winners, a diverse group including some industries that have drawn little investment attention, are loath to crow about benefiting from a plan that the President presented in terms of stern sacrifice; privately, they...

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