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OCR Page 1 of 41THE PRESIDENT HAS SEEN
DIGEST OF RECENT COMMENT
December 4, 1973
ENERGY
Describing Love as "in a funk, 11 Cahill of NY News says he's
"terribly disappointed' over being shunted aside
Aides said Love
and DiBona were distraught" over RN's decision re: superagency.
Story is also p. 1 in Inquirer
Cahill further reports that RN offered
Love Interior if Morton resigns, tho that "was 1st indication Morton
had any plans' to do so.
Monitor's Ellis in lead story quotes high WH official, applauding
Simon's choice, as saying "logic has prevailed, 11 and writer notes
Simon is "widely regarded" on Hill and w/in Admin. "as best man for
the post.
He's drawn praise from influential men who stand on both
sides of rationing."
Noting Love's critics say "there was too little coordination and
too little evidence of firmness" under him, while friends say Shultz
and Simon are "more interested in quieting Wall St. than in solving
energy crisis, Trib. says "these arguments do more to confuse issue
than clarify it. 11 It notes "there's been no visible coordination of policies"
and needed cooperation and sacrifice won't be achieved "as long as govt.
itself is indecisive. While steps taken thus far are sensible enough,
much more is going to have to be done. 11 But, it adds, "firmness of govt.
policy shouldn't be measured solelyby extensiveness of govt. action.
If govt. had spent less time in past acting to hold down prices, regulate
oil/gas industry, discourage investment in new production and delay
development of alternative sources of power
there might not be a
fuel shortage. 11
Trib. says "firmest conceivable course of action" would be
rationing, but "it'd also be most ill-advised. " Emergency action
"will be futile unless accompanied by steps to encourage production"
and "surest way to do this is to "get out" of controls. 'Return to
free market would mean higher prices, of course, and this would be
hard on some. But it'd be easier and infinitely wiser to cope w/ needy
cases as they arise than to perpetuate crisis by policy which, in effect,
has stifled production.
If any company should prove more interested
in hoarding profits than investing in expansion, that, too, can be dealt
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