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(Studio) Rejection of President Carter's standby gasoline rationing proposal by House Commerce Committee reported; committee 's rejection of wkend. gasoline station closings and outdoor advertising lighting reduction recalled.
REPORTER: Walter Cronkite
(DC) Conflict between Energy Secretary James Schlesinger and Senator Edward Kennedy over oil price decontrol in Congress economy committee hearing outlined. [KENNEDY - asks if price decontrol is courageous decision or opportunity taken by oil companies in response to Iranian shutdown to force price decontrol.] [SCHLESINGER - responds.] Carter's push for windfall profits tax cited. [SCHLESINGER - comments on decontrol and tax.] [KENNEDY - questions Schlesinger's credibility.] [SCHLESINGER - responds.] [KENNEDY - says Schlesinger's the only one in the country who believes windfall profits tax will be approved; calls administration program "charade.") Decontrol reported beginning in June if opposition unsuccessful.
REPORTER: Nelson Benton
- Benton, Nelson;
- Cronkite, Walter
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