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The original documents are located in Box 14, folder "Energy - General (1)" of the John
Marsh Files at the Gerald R. Ford Presidential Library.
Copyright Notice
The copyright law of the United States (Title 17, United States Code) governs the making of
photocopies or other reproductions of copyrighted material. Gerald R. Ford donated to the United
States of America his copyrights in all of his unpublished writings in National Archives collections.
Works prepared by U.S. Government employees as part of their official duties are in the public
domain. The copyrights to materials written by other individuals or organizations are presumed to
remain with them. If you think any of the information displayed in the PDF is subject to a valid
copyright claim, please contact the Gerald R. Ford Presidential Library.
Digitized from Box 14 of The John Marsh Files at the Gerald R. Ford Presidential Library
HOUSE DEMOCRATIC
Possibles Poss,
Bill Nichols
Richard F. Vander Veen
Tom Bevill
Bob Carr*
Robert E. Jones
Lucien N. Nedzi
Walter Flowers
John D. Dingell
Bill Alexander
Bob Bergland
Ray Thornton
G. V. (Sonny) Montgomery
Harold T. Johnson
James W. Symington
John E. Moss
Wm. J. Randall
Norman Y. Mineta*
Richard Bolling
John J. McFall
Richard H. Ichord
B. F. Sisk
Max S. Baucus*
John Krebs*
John Melcher
James C. Corman
Jim Santini*
Edward R. Roybal
Norman E. D'Amours
Charles H. Wilson
Harold Runnels
Glenn M. Anderson
Otis G. Pike
Mark W. Hannaford*
Jerome Ambro, Jr. *
Lionel Van Deerlin
Matthew F. McHugh*
Frank E. Evans
Samuel S. Stratton
Robert L. F. Sikes
Edward W. Pattison*
Don Fuqua
James M. Hanley
Charles E. Bennett
John J. LaFalce*
Bill Chappell, Jr.
Henry J. Nowak*
Bo Ginn
Walter B. Jones
Dawson Mathis
David N. Henderson
Jack Brinkley
Ike F. Andrews
John J. Flynt, Jr.
Richardson Preyer
Dan Rostenkowski
Roy A. Taylor
Sidney R. Yates
Wayne L. Hays
Frank Annunzio
James R. Jones
Melvin Price
Theodore M. (Ted) Risenhoover*
Floyd J. Fithian*
Glenn English*
J. Edward Roush
Les AuCoin*
David Walter Evans*
Robert Duncan*
Philip H. Hayes*
James Weaver*
Lee H. Hamilton
Robert N. C. Nix
Philip R. Sharp*
Daniel J. Flood
Michael T. Blouin*
Fred B. Rooney
Tom Harkin*
Thomas E. Morgan
Berkley Bedell*
Mendel J. Davis
William H. Natcher
Butler Derrick*
F. Edward Hebert
James R. Mann
Lindy (Mrs. Hale) Boggs
Kenneth L. Holland*
Joe D. Waggonner, Jr.
John W. Jenrette, Jr. *
John B. Breaux
Joe L. Evins
Gillis W. Long
Richard H. Fulton
Clarence D. Long
Ed Jones
Goodloe E. Byron
Charles Wilson
*New Member
-2-
Ray Roberts
Olin E. Teague
Jim Wright
Richard C. White
Omar Burleson
George H. Mahon
Abraham Kazen, Jr.
Dale Milford
Thomas N. Downing
David E. Satterfield III
Dan Daniel
Don Bonker*
Mike McCormack
Floyd V. Hicks
Robert H. Mollohan
Harley O. Staggers
John M. Slack
Ken Hechler
Alvin Baldus*
Robert J. Cornell*
Robert W. Kasten, Jr.*
Teno Roncalio
*New Member
Oil
The Center for Strategic and International Studies
THE
Georgetown University / 1800 K Street Northwest / Washington DC 20006 / Telephone 202/833-8595
Cable Address: CENSTRAT
August 12, 1974
Mr. Jack Marsh
File
Room 294
Old Executive Office Building
Washington, D. C. 20501
Dear Mr. Marsh:
I am enclosing a copy of an article carried in last week's
"U. S. News and World Report" concerning an interview with
David Rockefeller. I think this is one of the best balanced
interviews on this subject that I've seen. The last paragraph
is particularly fitting--it advocates what amounts to operation
"Interdependence." It emphasizes how real the turn of events is
on our energy situation, but also that a cooperative approach
between all of the nations of the world, both producers and
consumers, should enable us to change what appears to be a
disastrous situation into one that can be of benefit to all.
Also notice page 39, which is a fairly optimistic report from
Secretary Simon. For your information, it appears that the
Saudi's have just abruptly cancelled the auction that was so
glowingly referred to. There are other aspects of this situation
that I still think we need to discuss on a person-to-person basis
if you can ever shoe-horn a few minutes in.
We have now tentatively scheduled a trip for Senators Humphrey,
Brock, and Nunn to the Middle East area in mid-November. It
looks like they will spend at least four days in Saudia Arabia,
two or three in Iran, and possibly have time to make some
observations in Yemen, Israel and Egypt. I'll keep you informed
how it shapes up.
Sincerely yours,
Jack Bridges
Director, National Energy Programs
Enclosure
OIL MONEY: A CRISIS
AS THE BILLIONS PILE UP?
+ 3
I LIBRAR
Interview With David Rockefeller, Chairman, Chase Manhattan Bank
SHIN
U.S.POSTAGE
AUG13'74
₹,10
The Center for Strategic and International Studies
D.C PB867123
Georgetown University / 1800 K Street Northwest / Washington DC 20006
Mr. Jack Marsh
Room 294
Old Executive Office Building
Washington, D. C. 20501
The Petrochemical Energy Group
Suite 335
1701 Pennsylvania Avenue, N.W.
Washington, D C. 20006
(202) 337-4012
"Raw Material Needs of the Petrochemical Industry"
speaking for
The Petrochemical Energy Group
E. S. Robson, Jr.
Vice President
Monsanto Company
St. Louis, Mo.
Midwest Regional Hearing
on Project Independence,
Sept. 11, 1974
Federal Energy Administration
Kansas City, Mo.
LIBRARY
Mr. Chairman, my name is Ernest S. Robson, Jr. I am
a vice president of Monsanto Company of St. Louis. However, I
am here today speaking on behalf of the 23 independent petrochemical
1
companies comprising PEG, The Petrochemical Energy Group.
The
purpose of my testimony is to describe the unique role of
petrochemicals -- and how they are intertwined with Project
Independence and alternate possibilities for fuels.
The members of PEG produce the majority of the petrochemicals
our nation converts into countless end products which support our
lives. We are vitally concerned with meeting the basic human needs
of food, clothing, shelter and health. For example:
1. Nitrogen fertilizers for corn, wheat and cotton
are made from petrochemicals, as are pesticides
which save consumers $20 billion a year by
fighting weeds, insects and fungus.
2. The vast majority of our clothing is made from
petrochemical fibers like nylon and polyester.
And there is not enough land left to return to
natural fibers, unless we cut food production.
-more-
1) PEG companies are listed on Attachment A.
--2
3. Home construction costs are held down by
the expanding use of plastics in pipe,
insulation and modern paints -- all petro-
chemical products.
4. The nation's most widely used pharmaceutical,
aspirin, is made from petrochemicals -- as
are numerous other medicines.
Beyond these extremely basic needs, our nation's
transportation system is completely dependent on synthetic rubber
tires, made from petrochemicals. In communications, our
telephone and television systemscould not operate without plastic
insulation.
One indication of the importance of petrochemicals to
our economy is a recent survey on material shortages undertaken
2)
by the U.S. Senate's Permanent Subcommittee on Investigations.
It concludes, "By far the most universal shortage is in
petrochemicals." Another survey has shown that a 15 per cent
decline in petrochemical production would result in a loss of
3)
1.6 to 1.8 million jobs in our economy.
-more-
2) Refer to Attachment B, p. 23 of Committee Print on shortages.
3) See Attachment C, summary from Arthur D. Little, Inc.
--3
Today the U.S. petrochemical industry employs nearly
300,000 people in 1,900 plants. The industry, with sales in
excess of $20 billion annually, is one of the largest
contributors to a favorable U.S. balance of trade. 4) As another
measure of size, consider that petrochemical product manufacturing
is significantly larger than the manufacturing of petroleum
products for fuel. The petrochemical industry has almost three
times the employment, over double the value added in products,
and nearly 50 per cent more capital investment than does petroleum
5)
fuel refining.
And yet petrochemicals consume only 6 per cent
of our nation's oil and gas. Now that's a real return on the
investment of a scarce natural resource!
I am not here today just because Kansas City happens
to be close to St. Louis. I am here because the petrochemical
industry is vitally concerned with the new government policies
to be encompassed by Project Independence. We are totally and
utterly dependent on the crude oil and natural gas involved in
your considerations.
-more-
4) Attachment D, U.S. Department of Commerce report.
5) 1972 Census of Manufactures, Attachment E.
--4
The members of PEG strongly support the fundamental
objective of Project Independence to increase energy self-
sufficiency and reduce vulnerability to embargoes on foreign
supplies. However, it is vital that we recognize two points --
1) petrochemicals are basic to our entire economy and 2) the
petrochemical industry must compete on a global basis.
Let me expand on that last point. The economics of
fuels are generally restricted to a national market. But the
absence of significant trade barriers makes chemicals an
international market. Seven of the top 10 chemical companies in
6)
the world are not U.S. companies --- they are headquartered overseas.
And we are losing ground in petrochemicals. Today the
U.S. has bout 40 per cent of the world's petrochemical capacity.
But this year, only 11 per cent of the new petrochemical plants
7)
are being built in the United States.
Why? Because developing
nations have recognized the contributions petrochemicals can make
to their standard of living. Whereas U.S. investment in petrochemicals
8)
peaked in 1966-67,
due in part to uncertain national policies,
such expansions have taken a preferred position elsewhere. This
year 58 per cent of the new petrochemical plants are being built
in developing countries.
-more-
6) List of companies from Chemical & Engineering News, Attachment F.
7) Attachment G, Oil & Gas Journal report.
8) Annual Survey of Manufacturers, Attachment H.
LIBRARY
--5
Without proper consideration of petrochemical needs,
Project Independence could mean "dependence" in an even greater
form. Today we are concerned about importing crude oil costing
us about four cents a pound. Unless the U.S. petrochemical
industry stays competitive, tomorrow we will be importing rubber,
plastics, fibers, pesticides and medicines worth 30 cents to $1
a pound. What will that do to our independence and balance of
payments?
The inherent goals of Project Independence also place
new and key responsibilities on petrochemicals. For example,
energy conservation means an increased demand for home insulation
bound together by plastics -- or light weight plastic automobile
parts and radial tires to increase gasoline mileage. Reduced
energy consumption in drying or ironing our clothing calls for
more man-made fibers. An expansion in coal production will require
ammonium nitrate for explosives manufacturing. And more use of
electrical energy means a higher level of plastic insulation.
To meet all these needs, petrochemicals are going to
need an increasing share of the nation's oil and gas over the
next 10 to 20 years. We are uniquely dependent upon these resources
for our raw materials. There are no feasible alternatives during the
lifespan of Project Independence.
-more-
--6
So what are the answers? Can enough oil and gas be
reserved for petrochemicals? Let's take a look at the nation's
demand. There are three primary markets for the hydrocarbons
found in petroleum -- basic fuels, transportation and petrochemicals.
Fuels take 62 per cent of our petroleum, transportation demands
32 per cent -- and petrochemicals need 6 per cent.
In basic power generation, such as the production of
steam and electricity, the main requirement is the amount of BTUs
or heat in the combustion material. BTUs in natural gas are
equivalent to BTUs in coal, nuclear energy or solar energy. The
unique structure of the molecule is of no value. There is an
alternative for power via coal and nuclear energy -- given a
reasonable time to solve environmental problems and a significant
amount of capital investment. Basic fuel markets are the most
flexible for switching to alternate sources of energy. And that's
a solution for 62 per cent of our energy consumption.
Transportation markets need a fuel which has a rapid
and controlled release of energy. In internal combustion engines,
the critical fuel requirements are the ability to convert into a
vapor, rapid burning and ease of transportation. Many kinds of
products fill this bill. Excellent fuels can be made today from
liquids as diverse as methanol to propane. With a limited number
-more-
FURD
to
LIBRARY
--7
of critical requirements, it is entirely feasible to manufacture
motor fuels from coal or oil shale. It will take work. It may
not be gasoline. But it is a viable, practical alternate. After
all, Germany ran its cars on fuels from coal 30 years ago. And
again, this is an answer for a major energy consumer -- now
32 per cent of our petroleum demand.
The story for petrochemicals is different. If the
required molecules are not present in nature's material, or if
the technology for change does not exist, the petrochemical product
can not be made. All petrochemicals have a specific chemical
structure with purities in the 99.8 per cent range. For example,
butadiene -- a key ingredient in synthetic rubber -- is now made
commercially only from straight-chain carbon molecules which exist
only in petroleum.
Each of the three markets I have mentioned are in
different stages of technology. The ability to create power from
coal or nuclear energy exists now. The ability to make motor fuels
from other sources is practiced in several countries -- and has
possible application here. The ability to make petrochemicals
from coal applies now only to a few products like ammonia and
methanol, There is active research in this area, but we can not
hope for relief in the near future. It will be close to the year
2000 before we know how to make significant amounts of petrochemicals
from other resources.
-more-
--8
A final point before my conclusion. You will remember
I mentioned that PEG companies are independent petrochemical
producers. By this I mean they are predominately purchasers of
oil and gas -- and are dependent upon petroleum refiners for their
supplies. These same integrated refiners are also our competitors
in the petrochemical field. The distinction between these two
classes of petrochemical suppliers must always be remembered as
government policies, details and procedures are finalized.
When the nation's attention became focused on energy
last fall, due to the embargo on Mideast oil, the bulk of our
concern naturally turned first to heating, power and transportation.
It was some months later before we recognized that petroleum was
also a raw material for man-made products vital to every part of
the economy. We must remember the following points in our work
on Project Independence:
1. The police car or ambulance which has gaoline
can not run without tires. Generated
electricity is worthless without wire insulation.
Food supplies will wither without the nutrition
and protection of agricultural chemicals.
2. The petrochemical industry is not protected by
high or absolute trade barriers. It must compete
worldwide.
-more-
--9
3. Coal and nuclear energy are practical, available
alternates now for the generation of power.
4. Motor fuels can be made in a number of
different forms.
5. Petrochemicals are completely dependent upon
petroleum raw materials for the next 15 to
25 years.
I think we might take a bit of advice from the Shah of
Iran who was reported to have said he did not want to waste his
nation's oil reserves in selling fuels to the world -- but would
rather market them as petrochemicals. He evidently knows the
best and highest priority for shrinking petroleum resources. I
suggest the United States have the same wisdom as we chart our future.
Project Independence represents a real opportunity for this nation to
set priorities in the use of our natural resources.
Thank you.
-o0o-
ATTACHMENT A
THE PETROCHEMICAL ENERGY GROUP
Borg-Warner Chemicals
Celanese Corporation
Chemplex Company
Dart Industries, Inc.
The Dow Chemical Company
E. I. duPont de Nemours & Co., Inc.
Ethyl Corporation
Firestone Tire & Rubber Company
Foster Grant Company, Inc.
The B. F. Goodrich Company
Goodyear Tire & Rubber Company
Hercules Incorporated
Monsanto Company
National Distillers & Chemical Corporation
Nipro, Inc.
Olin Corporation
Oxirane Corporation
Petro-Tex Chemical Company
PPG Industries, Inc.
Publicker Industries, Inc.
Rohm and Haas Company
Texas Eastman Company, Div. of Eastman Kodak Company
Union Carbide Corporation
23
D3d Congress
2d Session
}
PETROCHEMICALS
COMMITTEE PRINT
By far the most universal shortage was in petrochemicals, with 181
companies reporting shortages. Essentially all hydrocarbon-based
chemicals are in short supply because of the limited availability of
petroleum feedstocks, The products made from petrochemicals include
compounds which are necessary components of lubricating and indus-
trial process oils, greases, waxes, and some fuels. Detergents, disper-
sants, viscosity improvers, anti-oxidants, emulsifiers, pigments, de-
MATERIALS SHORTAGES
foamers, and friction modifiers are also largely based on petrochemi-
cals. Some of the petrochemicals that were mentioned in the survey as
being difficult to obtain are the following:
phenolic resins
neetone
ethanol
isopropane
styrene
vinyl acetate
INDUSTRY PERCEPTIONS OF SHORTAGES
acrylates
ethyl acetute
phenol
solvents
xylene
methyl ethyl ketone
glycerine
tolueno
acetic acid
benzene
PERMANENT SUBCOMMITTEE ON
methanol
glacial acrylic acid
polyvinyl chloride
neoprene latex
INVESTIGATIONS
cellophane
ercosol
polyester film
polymeric resins
OF THE
polyethylene resin
pitch
COMMITTEE ON GOVERNMENT OPERATIONS
nylon resin
glycols
polyethylene film
ammonia
UNITED STATES SENATE
aldehydes
ethyl alcohol
polypropylene
isopropyl alcohol
adhesives
oil alkyd resins
emulsifiers
epoxy resins
Many manufacturers are reportedly allocating sales of their prod-
ucts. Resins are especially hard to get and are being allocated on the
basis of purchases during a previous period. Part of the shortage of
some resins is due to the shift by producers of feedstocks to the most
profitable products, leaving the others in very short supply.
Price controls were felt by many of the respondents to be respon-
sible for aggravating the shortage of some petrochemicals, Price con-
trols were also blamed for suppression of chemical prices far below
AUGUST 1974
export value, which resulted in the exportation of badly needed ma-
rerials. Many producers, caught in the price squeeze, cancelled ex-
pansion plans, which further tightened the supply situation. Several
of those replying expressed concern over a possible reimposition of
price controls in the future.
Another problem affecting the industry is the uncertainty created
by environmental regulations which might be changed or imposed
Printed for the use of the Committee on Government Operations
after new plants are completed. Environmental laws can also affect
the demand for the product as well as the facilities where it is pro-
ATTACHMENT
U.S. GOVERNMENT PRINTING OFFICE
duced. The requirement that 1975 automobiles be able to operate elli-
ciently on lead-free gas has generated a search for replacements for
35-776
WASHINGTON I 1974
lead compounds in gasoline, such as benzene, toluene, and xylene. These
B
For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 2012 Price 55 cents
ATTACHMENT C
SUMMARY
U.S. PETROCHEMICAL INDUSTRY IMPACT ANALYSIS
The current shortages of oil and gas in the United States have
forced the Federal Government to implement a Mandatory Fuel Allocation
Program, a Mandatory Allocation Program for Propane, and to supervise an
expanding level of curtailments in natural gas supplies to interstate
pipelines. These shortages will have a significant impact on the whole
economy and the petrochemical industry as a major consumer of oil and
gas hydrocarbons will be directly affected. However, the impact on this
industry and its customers will be significantly greater than on other
industries because these hydrocarbons are used not only as fuel but also
as the primary raw materials or feedstocks for this business.
As a result of the current shortages, it is not unrealistic to
expect that petrochemical production will decline in the near future.
To assess the impact of a decline in petrochemical production on the
nation's economy as a whole, the Petrochemical Energy Group (PEG) asked
Arthur D. Little, Inc. (ADL) to develop an estimate of the effect of a
15% decline in the organic chemicals industry on consuming industries.
Through the use of input-output economic analysis, ADL estimates that
a sustained 15% reduction in the output of the organic chemicals
industry could result in a loss of 1.6 to 1.8 million jobs in consuming
industries and a loss of domestic production value of $65-70 billion
annually.
While our analysis assumes a decline in production of 15%, it is
difficult at this time to anticipate just how extensive a decline will
actually result from the current allocation and curtailment programs.
Should these programs not provide for the feedstock and process fuel
needs of the petrochemical industry, its output will be reduced with
the effects cascading throughout the economy.
Note: The full text of this report can be obtained from the Petrochemical
Energy Group, Suite 335, 1701 Pennsylvania Avenue, N.W.,
Washington, D.C. 20006
Arthur DLittleInc
U.S. BALANCE OF TRADE IN PETROCHEMICALS
(millions of dollars)
Trade Claim
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1. Dyes, Organic Pigments
Exports
33.0
31.4
34.7
31.7
35.1
32.7
43.0
44.6
53.2
85.8
531
Imports
21.1
26.8
35.4
35.0
49.9
63.4
69.7
97.2
100.8
103.6
11.9
4.6
-0.7
-3.3
-14.8
-30.7
-26.7
-52.6
-47.6
-17.8
2. Plastics (except cellulosics)
Exports
349.8
377.2
422.6
423.0
530.9
533.8
593.0
593.3
628.9
944.3
581
Imports
-
36.5
53.6
54.9
87.2
91.5
115.0
126.2
168.7
197.7
349.8
340.7
339.0
368.1
443.7
442.3
478.0
467.1
460.2
746.6
3. Synthetic Rubber
Exports
179.0
163.1
175.1
170.0
180.3
139.6
176.0
172.7
161.0
195.3
231.2
Imports
14.5
19.0
23.6
20.7
29.3
37.6
42.2
56.3
53.6
64.3
164.5
144.1
151.5
149.3
151.0
102.0
133.8
116.4
107.4
131.5
4. Detergents & Surface
Exports
36.0
47.2
50.9
53.7
64.7
62.9
69.3
71.9
76.8
95.8
Active Agents 554.2
Imports
-
2.5
3.5
4.5
5.5
7.0
7.2
8.4
9.2
12.7
36.0
44.7
47.4
49.2
59.2
55.9
62.1
63.5
67.6
83.1
5. Carbon Black
Exports
32.0
26.7
28.8
25.1
15.4
12.6
14.0
14.9
10.4
17.1
513.27
Imports
0.2
-
1.2
-
0.2
1.4
1.1
1.4
1.6
2.9
31.8
26.7
27.6
25.1
15.2
11.2
12.9
13.5
8.8
14.2
6. Aromatics & Offins
Exports
33.0
40.5
26.2
28.3
66.8
62.1
49.2
32.5
30.7
72.2
521
Imports
-
1.2
-
1.1
-
I
-
-
-
I
33.0
39.3
26.2
27.2
65.8
62.1
49.2
32.5
30.7
72.2
7. Synthetic Fibers
Exports
156.1
129.7
133.3
123.7
136.8
155.0
175.4
186.5
191.6
343.5
Imports
20.4
46.7
54.7
56.6
98.8
85.5
201.3
340.1
297.9
247.9
135.7
83.0
78.6
67.1
38.0
69.5
-25.9
-153.6
-106.3
95.6
8. Organic Chemicals
Exports
865.5
759.0
802.7
864.8
992.3
1016.4
1183.2
1143.0
1219.5
1683.7
512.599
Imports
110.7
144.4
189.0
184.6
221.6
263.3
298.7
345.3
432.5
549.6
754.8
614.6
613.7
660.2
770.7
753.1
884.5
797.7
787.0
1134.1
Exports
10.1
14.0
16.2
22.6
26.5
33.0
30.2
16.3
21.9
41.2
9. Ammonia
Imports
6.9
9.5
15.3
19.1
18.6
20.7
20.7
20.5
17.0
15.5
3.2
4.5
is
3.5
7.9
12.3
9.5
-4.2
4.9
25.7
Grand Total
Exports
1694.5
1588.8
1690.5
1742.9
2048.8
2048.1
2333.3
2275.7
2394.0
3479.4
Imports
173.8
286.6
376.3
376.5
511.1
570.4
755.9
995.4
1081.3
1194.2
1520.7
1302.2
1314.2
1366.4
1537.7
1477.7
1577.4
1280.3
1312.7
2285.2
ATTACHMENT
Sources: U.S. Department of Commerce, Bureau of the Census FT110, FT135 U.S. Imports, and FT410 U.S. Exports.
a
ATTACHMENT E
THE U.S. PETROCHEMICAL INDUSTRY
(1972)
Value
Capital
Employment
Added
Investment
(000)
($ MM)
($ MM)
2869
Organic Chemicals
100
4,922
565
2865
Cyclic Intermediates
28
914
152
2821
Plastics and Resins
55
2,192
279
2822
Synthetic Rubber
12
487
34
2824
Synthetic Fibers
78
2,084
369
2843
Surface Active Agents
7
204
21
28411
Detergents
5
376
11
2895
Carbon Black
3
138
12
Ammonia
5
323
20
Total Petrochemical
293
11,640
1,463
By Comparison:
2911
Petroleum Refining
101
4,627
1,067
Sources: U.S. Department of Commerce, 1972 Census of Manufactures, and Arthur D.
Little, Inc., estimates.
ATTACHMENT F
MAJOR INTERNATIONAL CHEMICAL COMPANY SALES - 1973
Company
Total Sales
($ billion)
BASF
5.9
Hoechst
5.7
Bayer
5.4
Du Pont
5.3
ICI
5.2
Montedison
4.3
UCC
3.9
Pechiney-Ugine Kuhlmann
3.6
AKZO
3.6
Dow
3.1
Sources: C&EN, June 3, 1974, page 30; March 18, 1974, page 10;
and August 12, 1974, page 13; Chemical Week, June 26, 1974,
page 34.
ATTACHMENT G
NEW INVESTMENT IN THE PETROCHEMICAL INDUSTRY
NUMBER OF ACTIVE NEW PLANT CONSTRUCTION PROJECTS
1971
1974
Number
%
Number
%
United States
41
8.5
76
10.8
Western Europe
204
42.2
164
23.4
Japan
56
11.6
50
7.1
Developing Countries
183
37.7
413
58.7
Total
484
100.0
703
100.0
Source: Oil & Gas Journal, March 11, 1974, page 80.
PETROCHEMICAL INDUSTRY EXPENDITURES FOR NEW PLANT AND EQUIPMENT IN THE U. S. - II
(millions of dollars)
Surface
Total Investment
Cyclic
Organic
Synthetic
Synthetic
Active
Carbon
Current
Plant Cost
1)
Constant
Intermediates
Chemicals
Plastics
Rubber
Fibers
Agents
Black
Dollars
Factor
Dollars
(2815)
(2818)
(2821)
(2822)
(2824)
(2843)
(2895)
1960
98.9
297.7
155.0
48.2
48.1
1.9
10.3
660.1
102.0
647.2
1961
69.6
380.6
157.3
59.5
117.6
12.3
10.2
807.1
101.5
795.2
1962
80.3
267.9
149.5
41.9
118.4
10.5
9.6
678.1
102.0
664.8
1963
106.8
401.0
137.8
32.3
170.3
7.2
4.0
859.4
102.4
839.3
1964
103.5
496.4
209.5
23.3
163.6
5.8
8.0
1010.1
103.3
977.8
1965
91.9
641.2
219.8
35.1
363.0
7.2
10.1
1368.3
104.2
1313.1
1966
88.4
886.2
300.0
41.9
384.7
9.1
13.3
1723.6
107.2
1607.8
1967
136.1
781.2
310.1
75.2
309.7
8.0
23.4
1643.7
109.7
1498.4
1968
99.3
884.8
270.3
78.1
244.7
9.1
27.0
1613.3
113.6
1420.2
1969
140.4
711.7
295.9
79.8
246.4
8.3
15.8
1498.3
119.0
1259.1
1970
289.2
716.6
307.4
49.3
310.3
14.0
11.9
1698.7
125.7
1351.4
1971
279.6
659.4
315.0
49.0
351.6
19.8
17.8
1692.2
132.3
1279.1
1972
151.8
565.2
278.7
34.2
368.9
21.3
11.9
1432.0
137.2
1043.7
1)
Chemical Engineering Plant Cost Index 1957-59 - 100
Source: Annual Survey of Manufacturers, U. S. Department of Commerce.
ATTACHMENT H
October 30, 1974
ECONOMIC INITIATIVES AND FOLLOW-UP
Fle
DEPARTMENT OF AGRICULTURE
Energy
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Removal of restrictions on
Rice
A bill is now pending before
Efforts will be made to clear
the House Rules Committee. An
the bill for floor action after
earlier attempt to obtain a rule
the House reconvenes on
on the bill ended in a tie vote.
November 18.
Peanuts
House Agriculture Committee has
USDA will start discussions
unacceptably modified Administra-
with industry representatives
tion proposal.
in late November leading to the
development of a target price
program. A legislative proposal
will be submitted to OMB by
late December or early January
for consideration by the next
Congress.
Extra-long staple cotton
Target price bills have been
Strong push needed next year.
introduced in both the House
and Senate. There appears to be
only a small possibility of
favorable action in this session.
Amendment of P.L. 480
Agriculture has prepared draft
Legislation to be submitted
legislation.
to OMB on November 1.
ADMINISTRATIVE INITIATIVES
Voluntary monitoring of
Systems for the prior approval
The Department will expand its
exports
and daily reporting of U.S.
weekly report to include
export sales of certain agri-
information on shipments and
cultural commodities are
events of major significance
completely operational.
to the grain trade.
- 2 -
DEPARTMENT OF AGRICULTURE (cont'd)
ADMINISTRATIVE INITIATIVES
Current Status
Schedule for Implementation
Review marketing orders
A Marketing Order Task Force will
Marketing Order Task Force to
review and evaluate the process
report by January 1, 1975.
by which changes are effected in
Market Order and Agreement regu-
lations.
Review other Department
One or more other task forces
Regulations
must be established to review
the need for changes in
regulations pertaining to
cooperatives, packers and
stockyards, food imports,
timber exports and others.
These task forces are
scheduled to report between
January 1 and July 1, 1975.
Fertilizer
Reporting System
The reporting system was
The reporting system can be
terminated when supply problems
reactivated immediately,
eased after the 1974 crops were
whenever the situation warrants.
fertilized.
The assessment of the need for
an allocation system will be
completed January 15, 1975.
Voluntary effort with
Efforts to have companies cut
companies
back on nonessential uses of
fertilizer are scheduled for
completion on December 1, 1974.
3 I I
DEPARTMENT OF COMMERCE
ADMINISTRATIVE INITIATIVES
Current Status
Schedule for implementation
Industry conservation audits
During October meetings were held
During November meetings will be
with six major energy-consuming
held with four additional
industries, resulting in a com-
industries to undertake the same
mitment to develop through their
program outlined under Current
trade associations industry-wide
Status. The total of those ten
plant-by-plant energy conserva-
industries represents 75 percent
tion reporting system to be
of industry and business energy
effective January 1, 1975.
consumption. On November 14 a
meeting will be held with trade
association executive secretaries
to install the system beyond the
ten key industries. January 1,
1975 industry conservation audits
in place and operating.
AMOUNT
4 -
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
LEGISLATIVE INITIATIVE
Current Status
Schedule for Implementation
Conventional mortgages
Signed into law October 18, 1974.
Implemented on October 22.
eligible for purchase
by GNMA.
ADMINISTRATIVE INITIATIVES
Determination of level of
The conventional home mortgage
Both programs would end
commitments under the
plan announced an initial FNMA
November 30, 1974, and future
Conventional Home
program of $1.5 billion. A
programs will depend upon a
Mortgage program
second FHLMC program of $1.5
review of mortgage market
billion is contemplated.
conditions, the anticipated
mortgage interest rate and other
factors.
Joint effort with Congress
HUD is in the process of solic-
By November 10 Treasury and HUD
to develop solutions to
iting the views of the major
will complete a summary of views
mortgage credit problem
interest groups.
of major interest groups.
November 26 - December 6--HUD
will prepare a major options
paper for the EPB covering
issues discussed, stressing areas
where there is reasonable chance
for compromise and general
acceptance. Mid-December--
after review and revision of
options paper, President will be
asked to meet with key industry
officials and Members of Congress
to discuss most viable options
and seek their support for
compromise package. Late
January--outline of new reform
package announced in State of
Union message. February--new
legislation sent to the Hill.
DEPARTMENT OF THE INTERIOR
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Deepwater port facilities
House and Senate have passed
Review House and Senate bills
different bills. Conference
and develop position for
expected after recess.
conference by November 18.
Surface mining
Legislation delayed in conference
Continue to work with conferees
until after recess. Interior
(due to meet November 19) to
Domestic Council and OMB are
obtain passage this Congress
re-examining bill.
of an acceptable bill.
ADMINISTRATIVE INITIATIVES
Arctic Gas
Interior is issuing research
Feasibility study of alternative
proposal for study of alternative
routes, and environmental im-
gas line routes from Alaska.
pact statements, will be
Interior with FPC is preparing
completed by April 15, 1975.
Environmental Impact Statement
(EIS) for El Paso and Arctic Gas
Line applications.
Coal leasing
Interior is developing coal
Final environmental impact state-
leasing program and preparing
ment will be completed by
programmatic EIS.
December 15. OME expected to
review proposed program by
December 15.
NPR #1 and #4
Interior, Defense and Navy
Study and recommendations to be
studying means to expedite
completed by January 8, including
development.
recommendations for legislation
if necessary.
- 6 -
DEPARTMENT OF THE INTERIOR (cont'd)
ADMINISTRATIVE INITIATIVES
Current Status
Schedule for Implementation
OCS leasing
Lease 10 million acres in
Secretary to meet with coastal
calendar year 1975.
state governors November 14.
Tentative leasing schedule
ready by November 15.
Oil shale and Geothermal
Reevaluation and report to see
Reevaluation to be complete by
leasing
if more rapid development of these January 8.
resources is appropriate, is
being prepared for the President.
DRAM
- 7 -
DEPARTMENT OF JUSTICE
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Increased penalties for
S. 782 has passed the Senate in-
The Committee should be re-
antitrust violations
creasing penalties for corpora-
quested to recommit HR 9203 to
tions to $500,000 but keeping
the full Committee to increase
individual penalties at $50,000.
the penalty for corporations
HR 9203, increasing the penalty
to $1 million.
to $500,000 for corporations and
$100,000 for individuals, has been
reported by the House Judiciary
Committee but the report has not
been filed.
Strengthen investigation
Administration's proposal was
Justice will continue to push
powers of Antitrust
forwarded to Congress in April
for action.
Division
1974 and introduced in the House
and referred to the House
Judiciary Committee. The pro-
posal has not been introduced in
the Senate.
127887
8 -
DEPARTMENT OF LABOR
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Special unemployment
Both proposals contained in
Develop draft regulations for
insurance assistance
National Employment Assistance
the Special Unemployment
program
Act of 1974, HR 17218, referred
Assistance Program on
to House Select Committee on
November 22. Develop draft
Community improvement
Labor; S. 4129 referred to the
regulations for the Community
program
Committee on Labor and Public
Improvement Program on
Welfare, then to the Committee on
December 13. Submit request
Public Works for 10 days. On
for appropriations as soon as
October 9 Secretary Brennan
the NEAA is enacted.
appeared before an extraordinary
joint session of two subcommit-
tees. The Senate Subcommittee
on Employment, Poverty and
Migratory Labor held hearings on
S. 4129 and other bills on
October 16 and 17 at which time
public witnesses were heard.
General hearings held in House.
9
DEPARTMENT OF TRANSPORTATION
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Surface Transportation Act
House Committee has reported bill.
Need vigorous all-out effort
DOT working with Senate Commerce
to secure enactment of legis-
Committee to obtain speedy
lation this year. The President
Senate action.
should endorse the legislation
as an anti-inflationary measure
soon after the end of the
election recess.
ADMINISTRATIVE INITIATIVES
Automobile fuel economy
Meeting with auto presidents held
Meet with individual auto
October 29 to get 40% mileage
manufacturers by November 12
improvement program underway.
to discuss achievement of goals.
By November 29 a firm plan to
achieve the 40% target will be
submitted to the President.
55 MPH limit and traffic
Work with state officials to
Make tentative recommendations
control measures
strengthen enforcement of 55 MPH
on using Federal incentives for
limit and suggest improved
enforcing 55 MPH limit by De-
traffic control measures for
cember 15: final recommendations
conserving gasoline. Have recom-
by January 15. Begin to work
mended legislation to make the
with Advertising Council, State
55 MPH limit permanent.
governments and law enforcement
Jointly reviewing the EPA, trans-
officials to induce voluntary
portation control plans under the
compliance. By December 15 will
Clean Air Act.
develop recommendations to
encourage more attention by
state, metropolitan and local
officials to traffic control
measures and a plan to monitor
progress and evaluate effective-
ness in planning, implementation
and operation of traffic
management measures.
- 10
DEPARTMENT OF THE TREASURY
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Financial Institutions Act
Pending in House and Senate
Senate Finance Committee will
Banking Committees.
continue to work on bill during
lame-duck session. House
Banking Committee will be urged
early next year to launch
hearings and serious considera-
tion of the bill.
Elimination of withholding
Included as part of Title III of
Treasury will continue to en-
tax on interest and divi-
Tax Reform Bill of 1974 before
courage Ways and Means to report
dend income to foreigners.
the Ways and Means Committee.
bill during lame-duck session.
Senate Finance Committee con-
sideration is out of the
question until next year.
Increase Federal insurance
Signed by the President on
To be implemented by affected
on private deposits.
October 28.
agencies.
Increase and restructuring
Legislation being prepared by
Treasury will push for immediate
of investment tax credit.
Treasury for submission to the
consideration of this proposal
Congress upon its return.
as part of or separate from the
Tax Reform Bill.
Preferred stock dividends.
Legislation being prepared by
Treasury will push for immediate
Treasury for submission to the
consideration of this proposal
Congress upon its return.
as part of or separate from the
Tax Reform Bill.
- 11 -
DEPARTMENT OF THE TREASURY (cont'd)
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Ways and Means bill includ- Included as part of Title III of
Treasury will continue to en-
ing windfall profits tax
Tax Reform Bill of 1974 before
courage Ways and Means to report
on oil and relief for low-
the Ways and Means Committee.
bill during lame-duck session.
income families.
Senate Finance Committee con-
sideration is out of the question
until next year.
Surtax
Legislation being prepared by
Treasury will push for immediate
Treasury for submission to the
consideration of this proposal
Congress upon its return.
as part of or separate from the
Tax Reform Bill.
ADMINISTRATIVE INITIATIVES
Request state and federal
National conference of state regu-
Initiatives
and
issues
for-
regulatory authorities to
latory commissions held September
warded to ERC for consideration
eliminate rate schedules
13. Resulted in better climate
and assignment of lead res-
which encourage excessive
for cooperation. Further
ponsibility on October 30.
energy consumption.
initiatives suggested for con-
sideration.
GRD ADDRESS
12 -
EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
ERDA and the Nuclear
President signed into law
Activation of ERDA and NRC
Regulatory Commission
October 11.
on January 1, 1975.
Amending the Employment Act Legislation introduced: IIR 15420
Decision to accept or reject
of 1946
June 17; HR 17124 October 7.
language in HR 16124 or submit
Some question exists as to whether
new legislation to be made by
HR 17124 encompasses the pro-
November 1. Congressional
posed addition, " for all those
testimony scheduled December 2,
able, willing and seeking to
1974.
work
" as recommended in the
Fact Sheet.
Establishing a National
Administration bill forwarded to
Prepare and clear testimony be-
Commission on Regulatory
Congress October 8, and intro-
fore Senate Committee Novem-
Reform
duced October 16 (S. 4145, HR
ber 21. Urge hearing in House.
17417). Referred to Government
Prepare preliminary specs for
Operations Committee in the
Commission members and Executive
Senate and the Interstate and
Director November 30. Finalize
Foreign Commerce Committee in
specs and begin recruitment
the House.
December 26. (Assuming enactment)
ADMINISTRATIVE INITIATIVES
Require all major legis-
Submitted draft Executive Order
President signs Executive Order
lation, rules and regula-
(authorizing OMB to establish a
November 1. OMB completes internal
tions developed in the
circular) to the White House
review of proposed circular
Executive Branch to
October 30.
November 4. Draft OMB circular
include an Inflation
sent to agencies for comment
Impact Statement.
November 4. Due date for comments
from agencies November 13. Re-
vised OMB circular completed (and
sent to agencies for final com-
ment--optional) November 18.
Circular procedures take effect
(all legislation, rules and
- 13 -
OFFICE OF MANAGEMENT AND BUDGET (cont'd)
ADMINISTRATIVE INITIATIVES
Current Status
Schedule for Implementation
regulations submitted or
printed for comment after
November 30, 1974 will be
required to conform to circular
procedures) November 30.
Designate responsibility within
Executive Branch for follow-up
procedures December 10.
$300 billion spending
Agency suggestions submitted to
White House decisions reached
target: determination of
OMB on October 7. Staff review
and communicated to OMB and
budget rescissions and
within OMB October 8-15. Policy
agencies November 7. Draft
deferrals to meet
review within OMB October 16-23.
legislation, rescission and de-
target.
Compilation of proposed reduc-
ferral reports and other re-
tions October 23. Initial dis-
duction proposals, prepared;
cussion of proposed reductions
reduction and "before" and
with White House staff October 24.
"after" budgets analyzed; section
Initial discussion of proposed
on budget reduction drafted for
reductions with the President
Presidential economic message
October 25.
November 24. Final package
sent to President November 21.
Proposed reductions announced
generally in Presidential
economic message and transmitted
in detail in separate report to
the Congress week of November 25.
FLORD
FLORARY
14 I I
COUNCIL ON INTERNATIONAL ECONOMIC POLICY
LEGISLATIVE INITIATIVE
Current Status
Schedule for Implementation
Trade Reform Act
Passed House; pending in Senate
Maintain current momentum;
Finance Committee and scheduled
should pass this year.
as first order of committee
business when Congress returns
November 18.
COUNCIL ON WAGE AND PRICE STABILITY
ADMINISTRATIVE INITIATIVE
Monitoring wage and price
A limited number of reviews have
On October 31--November 1, the
movements in private
been undertaken in areas where
Council and the Department of
sector
there is great public concern over
Agriculture will jointly sponsor
rising prices, to determine if any
a public conference on produc-
practical solutions can be found.
tivity, costs, and prices in the
food industry. On November 13
the Council will sponsor jointly
with Mrs. Knauer's office a
public hearing on the repricing
of shelf inventories in
supermarkets.
Monitoring government
A letter is being drafted to all
By November 30, Council will
actions
major agencies in Executive
have a list of existing Federal
Branch requesting (1) designa-
programs to review. Inflation
tion of person as point contact,
impact statements on new
and (2) identification of their
legislative proposals introduced
programs, policies or activities
by Members of Congress.
which may have an adverse effect
on costs and prices.
Identified motor carrier back-
By November 30, report due on
haul and circuitry restrictions,
targeted Federal restrictive
Jones Act Exemptions and Tariff
practices.
Commission Rulings as possible
Federal restrictive practices.
15 I I
OTHER AGENCIES
ATOMIC ENERGY COMMISSION
LEGISLATIVE INITIATIVES
Current Status
Schedule for Implementation
Nuclear plant licensing
JCAE hearings have been held on
Encourage Joint Committee to
Administration bill, but no bill
report the bill out for action
has been reported.
this Congress.
ENVIRONMENTAL PROTECTION AGENCY
LEGISLATIVE INITIATIVES
Amendments to Clean Air
Some of desired amendments were
Interagency meeting scheduled
Act
included in PL 93-319 (Energy
for November 13 to develop
Supply and Environmental Coordina-
additional technical justifica-
tion Act). Hearings on remaining
tion for the Administration's
amendments have not been
amendments.
scheduled.
FEDERAL ENERGY ADMINISTRATION
LEGISLATIVE INITIATIVES
Natural gas deregulation
Administration bill (S. 2048)
Determine position by December 1
bogged down. Working with Senate
for dealing with Buckley amendment
Finance, Interior, and Commerce
in Senate to House-passed trade
Committees to achieve deregulation
bill which achieves unqualified
objective.
deregulation of field prices of
new natural gas.
ADMINISTRATIVE INITIATIVES
Conservation within
Presidential directive to agencies Presently reviewing FY 75 first
Government
on 1975 energy conservation ob-
quarter data. Results will be
jectives issues. Monitoring
published by December 1.
system established.
96 I I
FEDERAL ENERGY ADMINISTRATION (cont'd)
ADMINISTRATIVE INITIATIVES
Current Status
Schedule for Implementation
Incentives to secondary
Adjustments of current price con-
Review of draft report to be
and tertiary petroleum
trols to increase incentives to
completed by November 8.
production
use secondary and tertiary tech-
Proposed rulemaking targeted
niques. Draft report completed.
for November 15. Final regulations
targeted for January 15.
Utility coal conversion
Task force established and
First draft due November 25.
program
operating.
Report and schedule will be
completed by January 8, including
any legislative recommendations.
Voluntary conservation of
Reporting system has been
First report due December 1.
1 million bbls/day
developed.
Monthly reports thereafter.
WIN Program
Organization and preliminary
November 28-July 4, 1976
implementation October 12--
November 28.
ENERGY INITIATIVES
Kle
[Nov
Follow-up on Presidential Address on the Economy
Energy
INITIATIVE
CURRENT STATUS
NEXT STEPS
INTERIOR
OCS leasing
Lease 10 million acres in
Secretary to meet with coastal
years 1975. Develop
state governors November 14.
capability to continue
Tentative leasing schedule
leasing at this rate should
ready by November 15.
a decision be made to do so.
Coal leasing
Interior is developing coal
Final environmental impact
leasing program and preparing
statement will be completed
programmatic EIS.
by December 15. OMB to
review proposed program in
Nov/Dec.
Arctic Gas
Interior is initiating study
Feasibility study of alterna-
of alternative gas line routes
tive routes, and environmental
from Alaska. Interior with
impact statements, will be
FPC is preparing EIS for
completed by April 15, 1975.
E1 Paso and Arctic Gas gas
line applications.
Oil, shale and geothermal
Reevaluation and report to see
valuation to be completed
leasing
if more rapid development of
by January 8.
these resources is appropriate
is being prepared for the
President.
Surface mining bill
Legislation delayed in
Continue to work with conferees
conference until after recess.
(due to meet Nov. 19) to obtain
Interior, Domestic Council
passage this Congress of an
and OMB are re-examining bill.
acceptable bill.
2
INITIATIVE
CURRENT STATUS
NEXT STEPS
INTERIOR (CONT'D)
NPR #1 and # 4
Interior, Defense and Navy
Study and recommendations to
studying means to expedite
be completed by January 8, mil-Dec mil
development.
including recommendations for
legislation if necessary.
Deepwater ports facilities
House and Senate have passed
Review House and Senate bills
bill
different bills. Conference
and develop position for
expected after recess.
conference by November 18.
DOT
55 MPH limit and traffic
Legislation to make the 55
Make specific recommendations
control measures
MPH limit permanent has
on using Federal incentives
passed Senate as part of
for enforcing 55 MPH limit by
comprehensive highway aid
January 15. Develop recommend-
bill. Joint review with
ations to state and local
EPA of transportation
officials on traffic control
control plans under the
measures and management and plan
Clean Air Act is in progress.
to monitor by Jan. 31.
Automobile fuel economy
Meeting with auto presidents
Meet with individual auto
held October 29 to get 40%
manufacturers by November 12
mileage improvement program
to discuss achievement of
underway.
goals. By November 29, a firm
plan to achieve the 40%
target will be submitted to
the President.
3
INITIATIVE
CURRENT STATUS
NEXT STEPS
FEA
Natural gas deregulation
Administration bill (S. 2048)
Determine position for dealing
bogged down. Working with
with Buckley amendment to trade
Senate Finance, Interior and
bill in the Senate (has already
Commerce Committees to achieve
passed House), which achieves
deregulation objective.
unqualified deregulation of
field prices of new natural
gas-by November 18.
Conservation within
Presidential directive to
Presently reviewing FY75 first
Government
agencies on 1975 energy
quarter data. Results will be
conservation objectives issued.
published by December 1.
Monitoring system established.
Voluntary conservation
Developing targets to monitor
First report due December 1.
of 1 million bbls/day
system. Reporting system has
Monthly reports thereafter.
been developed.
Utility coal conversion
Report to be submitted to the
First draft due November 25.
program
President in 90 days, includ-
Report and schedule will be
ing any needed legislation.
completed by January 8.
Task force established and
operating.
Incentives to secondary
Adjustments of current price
Review of draft report to be
and tentiary techniques
controls to increase incentives
completed by November 1.
production
to use secondary and tentiary
Proposed rulemaking targeted
techniques. Draft report
for November.
completed.
4
INITIATIVE
CURRENT STATUS
NEXT STEPS
TREASURY
Request state and federal
National conference of state
Initiatives and issues to be
regulatory authorities to
regulatory commissions held
forwarded to ERD for considera-
eliminate rate schedules
September 13. Resulted in
tion and assignment of lead
which encourage excessive
better climate for coopera-
responsibility on November 1.
energy consumption
tion. Further initiatives
suggested for consideration.
COMMERCE
Industry conservation
Meetings with representatives
Meetings with the entire
audits
of the six major energy
business community to report
consuming industries have
the progress of these meetings
been held. Long term,
are being schedule. Dept of
industry-wide voluntary
Commerce/Chamber of Commerce
conservation programs are
meeting with executive leader-
being organized which will
ship of trade and industry
continue appropriate energy
associations will be held in
conservation goals and a system
Washington on November 1.
for reporting progress to
the government.
EPA
Amendments to Clean Air
Some of desired amendments were
Interagency meeting scheduled
Act
included in PL 93-319 (Energy
for November 13 th develop
Supply and Environmental
additional technical
Coordination Act). Hearings
justification for the
on remaining amendments have
Administration's amendments.
not been scheduled.
5
FORD
LIBRARY
INITIATIVE
CURRENT STATUS
NEXT STEPS
AEC
and
Nuclear plant licensing
JCAE hearings have been held
Encourage Joint Committee to
bill
on Administration bill, but no
report the bill out for
bill has been reported.
action this Congress.