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News Summaries - December 1973 [9 of 16]

  • इसका हिस्सा White House Staff Member and Office Files (Nixon Administration), President's Office Files

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OCR Page 1 of 35
THE PRESIDENT HAS SEEN NEWS SUMMARY December 13, 1973 (Wed. nets wires.) The major stories of the day: The govt "got to the fine print" of the energy program led Chancellor as all nets led w/Simon release of regs on fuel allocation due to begin Dec. 27th. Major point is required 25% cutback in gas production which to Cronkite "clearly signals less fuel at higher cost. 11 By 9 PM error in announcement had been realized and too late for nets wires reported cutback is 5%, not 25% FEO announced. Gas and other fuel distillates will be allocated to users on priority basis w/military getting 100% of its needs across the board. Energy-producing industries will get all the fuel theynneed as will public transportation and such emergency services as hospitals and police. Home heating oil production won't be cut but will be allocated in such a way as to compel RN-requested thermostat turn-downs. Gas prices expected to rise 6-7¢, heating oil 8-9¢ noted CBS. All factories, cattle farmers, and dairy farmers will get same diesel fuel allocations as in '72 plus 10% to allow for growth. Similarly treated will be USPS, truckers and other cargo carriers. Aviation fuel allocations will be 5% less this month, 15% less in '74. ABC's Geer reported from Yorktown, Va. refinery that 25% cutback's unfeasible, but on CBS, industry spokesman O'Hara said conversion's possible but will likely result in lower grade gasoline, a result, CBS noted which underscores FEO estimate gas is least efficient use of energy. CBS' Drinkwater reported from LA where crisis will hit hardest. Other energy reports anticipated truck stoppage by independents thru Sat. AM, looked at British troubles (NBC), profiled Mass. imports of Polish coal and looked at "ripple effect" of fuel shortage on Fla. produce (CBS). HAK on all nets called on European allies and Japan to join US in internatl super agency to collaborate on e-erisis. He said US "is prepared to make a very major financial and intellectual contribution to the objective of solving the energy problem on a common basis. There's no technological problem that the great democracies don't have the capacities to solve together