Carter's veto of the breeder will probably not be overridden by Congress; even so, who would have thought last March, when the public was quite unfamiliar with the issue, that he would have to make a major effort and only just get his way?
A 1,000 years' supply of uranium will ultimately not go to waste, of course; but the US may have to buy in most probably from France when the time comes to talk energy, not politics.
In gas and oil, Carter's anti-energy, pro-tax program is in delightful trouble, too. His intemperate charges on oil company profits are hackneyed and untrue (the oil companies get less return on investment than any other US industry except steel); and the independents? Independent oil and gas producer W.T. Blackburn writes in a letter to the President (full text in Western Oil Reporter, Sept. 77):
"I find it; I develop it; I operate it; I take all the risks; I get $2.50/bbl; the government gets $8.25/bbl and the price to the consumer goes up."
You've said it all, Mr. Blackburn: That's the Carter program in a nutshell.
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Vol. 5, No. 4
Newsletter: Access to Energy Newsletter Archive Volume: Volume 5 Issue/No.: Vol. 5, No. 4 Date: December 01, 1977 02:39 PM Title: Terrorism
Copyright © 2004 - Access to Energy Newsletter Archive
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