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Price decontrol for oil and gas is proceeding. American consumers have risen to the challenge, and we have experienced real improvements in consumption patterns. The central challenge for us today is to our steadfastedness of purpose. We are no longer tempted by isolationism.
I plan to take Presidential initiative to decontrol the price of domestic crude oil on April 1. I urge the Congress to enact a windfall profits tax by that date to ensure that oil producers do not profit unduly. The sooner Congress acts, the more effective the oil conservation program will be and the quicker the Federal revenues can be returned to our people.
As a result of actions my Administration and the Congress have taken over the past four years, our country finally has a national energy policy: Under my program of phased decontrol, domestic crude oil price controls will end September 30, 1981.
As a result of actions my Administration and the Congress have taken over the past four years, our country finally has a national energy policy: Under my program of phased decontrol, domestic crude oil price controls will end September 30, 1981.
I plan to take Presidential initiative to decontrol the price of domestic crude oil on April 1. I urge the Congress to enact a windfall profits tax by that date to ensure that oil producers do not profit unduly. The sooner Congress acts, the more effective the oil conservation program will be and the quicker the Federal revenues can be returned to our people.
Price decontrol for oil and gas is proceeding. American consumers have risen to the challenge, and we have experienced real improvements in consumption patterns. The central challenge for us today is to our steadfastedness of purpose. We are no longer tempted by isolationism.
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