Sunday Gazette-Mail from Charleston, West Virginia on July 20, 1975 · Page 11
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July 20, 1975

Sunday Gazette-Mail from Charleston, West Virginia · Page 11

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Charleston, West Virginia
Issue Date:
Sunday, July 20, 1975
Page:
Page 11
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Page 11 article text (OCR)

HA J*12Q, 1975 SM Veto of Oil Price Rollback Intended WASHINGTON - ai - President Ford intends to veto on Monday a bill rolliag back the price of U. S. oil to $11.30 a barrel, a spokesman announced Saturday. Press Secretary Ron Nessea said the A Story Akottt Emtrgy Chief Fn*k Zmrk if ·* Fmge ID. President "believes strongly this piece of legislation is unacceptable," and would in- President Ford Meets With Frank Zarb Ford Intends to Veto Oil Price Rollback Bill Democrats Win 1st Round In Voting Rights Fight WASHINGTON (AP) - Senate Democratic leaders won the first round Satur- Vjlay in their : effort to block any delaying · .tactics against the bill to extend the Vot- jjng Rights Act for 10 years. '.£ As a result, the Senate will vote Monday "^afternoon on a move to limit debate on the . '^motion to consider the extension. ·* The Voting Rights Act, under which '·hundreds of thousands of Southern blacks t-have registered over the past decade, expires Aug. 5. ··; Senate leaders have said they will stay »in session past the Aug. 1 scheduled start vpf a month-long recess if necessary to injure action on the extension. ?t After a warning Friday night that delays will not be tolerated, Asst. Democratic Leader Robert C. Byrd, kept control of the floor throughout the 86-minute session Saturday. Byrd refused to yield it to Sen. James B. Allen, D-Ala., Who is fighting the bill. Byrd feared Allen might force the Senate to meet all weekend and hold debate limitation votes at 1 a.m. Sunday and Monday. When Byrd offered to give Allen time to respond to criticism Friday by Democratic leader Mike Mansfield and himself, the Alabama senator vowed to block all Senate business until he has "the opportunity on his own time to answer the vicious charges that were made against him last evening." crease U. S. reliance on foreign imports by as much as 350,000 barrels a day. Nessen made the announcement following Ford's meeting with energy advisers, whom the press secretary said unanimously recommended that the legislation be vetoed. . The bill, which won final congressional approval Thursday, would continue the President's authority to control oil prices, but would roll back the price of new oil to $11.30 a barrel. New oil currently sells on the world market at about $13 a barrel. * * * THE BILL WOULD also leave the price of old oil -- oil produced from wells in existence prior to 1972 -- at $5.25 a barrel and increase from five days to 30 days the time for Congress to review new price decontrol plans. Nessen said Ford wants Congress to go along with his proposal to phase out price controls on old oil over a 30-month period. The alternative, Nessen said, would be a complete lifting of all price controls on Aug. 31 when the petroleum allocation act expires. However, Nessen said it appears likely that Congress will vote on Tuesday to block the President's phase-out plan. Although White House advisers have been unable to provide the President with an accurate nose count, "realistically speaking the outlook is not good," Nessen said. Nessen told reporters that should Congress block the phase-out plan, President Ford is also prepared to veto any other legislation that would extend price controls on old oil, including a six-month extension bill which has already passed the House. Nessen said there is "no doubt" that the President can sustain these votes. "Congress has got to come to grips w'th this problem. They've had it since Jan. 15. This is the middle of July. To put it off for another six months is not acceptable to the President. It simply puts off and continues our dependence on the Arabs and the other foreign oil producers," Nessen said. * * * HE SAID ALTHOUGH Ford had initially favored immediate decontrol of oil prices, his proposal to gradually lift these controls over a 30-month period is "a reasonable compromise." Ness.en said that the bill rolling back the price of new oil and continuing the ceiling on old oil "just goes in the wrong direction. It increases our dependence on foreign oil producers and just gives them the continued power to control our oil, both in the supply and price." Under the President's phase-out plan, the White House has said gasoline prices will rise a total of seven cents over the 30-month period. Nessen said he did not know what effect on gasoline prices could be if Ford's vetoes are sustained and price controls go out of existence on Aug. 31, but he said there would probably be an immediate increase in prices. ST. AUMNS STORE ONLY 6400 MacCORKLE AYE., S. W. SUNDAY, JULY 20 RELOCATING SALE WHILE QUANTITIES LAST ANY ITEM SELLING FOR S 3°° OR LESS TODAY ONLY LEE DICKINSON FOR THE "REST" OF YOUR LIFE! 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