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Show The v. PatrTtiat Dares To Take A Stand -- John Revolution t Gas Shortage: Product of Government Intervention The we need so badly today, e- Example 2: Government control problem is a prime example of what happens when people rely on over oil imports is responsible for civil government rather than the restricting the current flow of competitive marketplace to available gas and oil into this enhance their welfare. country. A specific case is the The economic problem, viewed refinery that the Occidental Oil from today's perspective, is that Company had wanted to build in demand for gas and oil products Maine a few years ago. It was to has outstripped the limited supply use foreign oil that was exempt from the regular import quotas and that is available. TJiis would have put But the question to ask is why? costs. Why did the shortage problem competing firms at a disadvantage, so pplitical pressures led to appear at all? An educator in our community scrapping the planned facility, recently evidenced his failure to That refinery which died during the grasp the underlying economic planning stage would surely come problem when he told some in handy today, wouldn't it? students, You just wait! As soon Example 3: Widespread public as the oil companies 'jack' prices concern about air pollution has affected the demand side of higher, the scarcity will be over. This cynical inclination to blame gasoline: The expensive exhaust-privat- e producers for shortages is control devices that new cars are now required to have by Federal apparently a common tendency. But it falls wide of the mark, misses .law have produced a generation of monsters. A few years the economic forces behind the The Continental Oil ago it was common for autos to get problem. Company, for instance, reports in 14 to 16 miles per gallon. Today, its May-Juemployees magazine many cars only get 8 to 10 miles As older cars are well costs have per gallon. that industry-wid- e ratio of gas-t- o risen from $50,293 per well in I960 junked, the over-a- ll over $76,000 in 1972. These gulpers will continue to increase, higher costs must be recovered in The present method of loading the prices consumers pay if oil autos down with companies are to survive to devices has actually served to continue to serve the public increase the total output of exhaust How fumes. It seems that the solution effeciently. QUESTION: many readers realize that TAXES may now be worse than the make up almost HALF of the problem the controllers set out to consumer pump-pric- e of gasoline? cure. This is just a thumbnail sketch of But, the major cause of the -- gas-gulpi- council 1973 I, You have not converted a man because you have silenced him. The Quiet (Dedicated to tho idoa that tho competitive fro market ii the workingman' bait friend.) BY TOM ROSE shortage-of-gasolin- l November TOM'S CORNER Our i Morley Silver and Gold COINS on Environmental Quality has called land use control the quiet revolution. It is, indeed, a revolution. The reason it is quiet is because the American people have not been truthfully informed as to the depth and consequences of this revolution. The Federal Land Use Any Quantity MONARCH COIN CORPORATION 211 East 3900 South Phone Salt Lake City, Utah RESTRICT SUPPLY on one hand while it has STIMULATED DEMAND on the other: FPC Example I. The i Power Commission) (Federal the wellhead price of gas regulates and. oil. For many years leaders in the oil and gas 262-58- 74 MM Policy and Planning Assistance Act, which pranced through the Senate last June by a vote of 64-2- 1 has been labeled as . . .the most potentially dangerous and destructive piece of legislation ever passed by the Senate. Related bills currently before the , House possess the same destructive force found in the Senate Sympathy Flowers Weddings icks urray Floral 4969 South State St. Murray, Utah Phone: 262-294- FREE DELIVERY 4 295-56- 11 alter 6 Riverton pm 'G3DESE7 W! BOT anti-polluti- on is that civil government has operated to to1 W actions the felt by every family in America. There is a lesson to be learned: Critical shortages seldom occur in the free market because the automatic mechanism price and supply adjusts crucial When demand. shortages to and continue do appear persist, the culprit wont be found in the private sector of the economy, but in the public sector. Actions in the public sector will tend to have an ADVERSE' effect on both price Public-pleasin- g and supply. solutions, when found, will be .found through the voluntary in the actions of industry quickly complained that the resulting price controls were having an adverse effect by discouraging the discovery and development of new oil fields.- Low profits discouraged investors from channelling needed money into the industry. The reams of data produced by the oil industry fell on the deaf ears of FPC controllers. Their failure to listen to reason stymied the those-competin- Now Avallobk) for IMMEDIATE DELIVERY While HERES WHY o Quality and flavor of food Is superb o Shelf storage life is longer oTakoo less water and fuel to prepare o Vitamin-miner- al content and flavor are of high quality o Reconstitution to their original food state is generally accomplished by only adding wator. SERVING THE SALT LAKE METROPOLITAN r.. CHANGES NEW INSTALLATIONS REMODELING A MAINTENANCE 220 VOLT A HIGH VOLTAGE METER WRUNG POWER FOR HOME A INDUSTRY BIG OR SMALL - CALL FOR 298-371- QUOTATIONS 3 the supply lasts! Freeze dried foods are better g developmentofsupplysourcestl Fast Service DON'T TAKE CHANCES. Fix On cost el FOOD TODAY!, Order Direct from the Distributor and SAVE. 4MS . TAYIOCSVUI PIoom sand literature and prica list on Freaza Driad Foods. - KNIGHTON OPTICAI ' Dispensing Opticians JAMES C. KNIGHTON 950-25- th Street Ogden, Utah Phone: 393-06- 32 Bountiful of civil national the at government, mostly level, hive served to create a widespread problem that has been how N-- 1 84401 THOMAS NAPIERSKIn University Mall 5 D-6- Orem, Utah 84057 Phone: 225-39- 20 COMMODITIES COUP. 49 West Metvem Avenue (2625 South) Salt Lake City, Utah 84115 - Phone (801) 521-081- 0 TOLL FREE PHONE (GOO) 453-42- 93 Page? Some stretch pants, it has been noted, have no other choice. ng ne gasoline-shortage-proble-m Utah Independent Nam Address aty Stale Bp No. obRgation, naturally i |