Presidents -- United States -- Messages; United States -- Politics and government -- Sources
I urge quick action on the necessary legislation to allow commercial
production at the Elk Hills, California, Naval Petroleum Reserve. In order
that we make greater use of domestic coal resources, I am submitting
amendments to the Energy Supply and Environmental Coordination Act which
will greatly increase the number of powerplants that can be promptly
converted to coal.
Obviously, voluntary conservation continues to be essential, but tougher
programs are needed--and needed now. Therefore, I am using Presidential
powers to raise the fee on all imported crude oil and petroleum products.
The crude oil fee level will be increased $1 per barrel on February 1, by
$2 per barrel on March 1, and by $3 per barrel on April 1. I will take
actions to reduce undue hardships on any geographical region. The foregoing
are interim administrative actions. They will be rescinded when the broader
but necessary legislation is enacted.
To that end, I am requesting the Congress to act within 90 days on a more
comprehensive energy tax program. It includes: excise taxes and import fees
totaling $2 per barrel on product imports and on all crude oil;
deregulation of new natural gas and enactment of a natural gas excise tax.
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.
I am prepared to use Presidential authority to limit imports, as necessary,
to guarantee success.
I want you to know that before deciding on my energy conservation program,
I considered rationing and higher gasoline taxes as alternatives. In my
judgment, neither would achieve the desired results and both would produce
unacceptable inequities.
A massive program must be initiated to increase energy supply, to cut
demand, and provide new standby emergency programs to achieve the
independence we want by 1985. The largest part of increased oil production
must come from new frontier areas on the Outer Continental Shelf and from
the Naval Petroleum Reserve No. 4 in Alaska. It is the intent of this
Administration to move ahead with exploration, leasing, and production on
those frontier areas of the Outer Continental Shelf where the environmental
risks are acceptable.
Use of our most abundant domestic resource--coal--is severely limited. We
must strike a reasonable compromise on environmental concerns with coal. I
am submitting Clean Air amendments which will allow greater coal use
without sacrificing clean air goals.
I vetoed the strip mining legislation passed by the last Congress. With
appropriate changes, I will sign a revised version when it comes to the
White House.
Public-domain text, read in full here on John Shaqi.
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