Ford Delays Oil Fee Rise, But Will End Price Curbs
Fed Energy Admr Frank G Zarb says Pres Ford will start adm process, perhaps as early as June 1, that could end all price controls on domestic crude oil in 2 yrs; says Ford might sign legis extending decontrol period to 3 1/2 or 4 yrs if Cong writes such a provision into acceptable energy bill; says Ford plan would reduce vol of price-controlled crude oil by about 4% a mo for 2 yrs, causing price of gasoline to rise 1.25c a gal every 6 mos, or 5c in 2 yrs; Sen Jackson says decontrol will add $250 a yr to energy outlays of typical family; will introduce resolution of disapproval in Sen May 1, move designed to avoid procedural obstacles that Repubs could use to delay Sen action on disapproval beyond 5 days stipulated in Emergency Petroleum Allocation Act; Zarb says decontrol will reduce US dependence on foreign oil, but Sen Mike Mansfield says it would mean that OPEC, rather than US Govt, will set US oil prices; Zarb acknowledges law limits duration of decontrol actions by Pres to 90 days, forcing him to resubmit proposal to Cong every 3 mos
