Show hassle may be developing over natural gas act A proposed amendment to the natural gat gas act may tou touch ch off a hassle during this session of congress recent W washington ashington reports indicate bep rep ikard D tex has made a speech in the house of representatives in which he announced he would introduce legi legislation sladon to write s specific provision into the act to exempt production and gathering of natural gas from fed eral era control ikard more move came following a supreme court decision last summer which held that the federal power commission has authority over ahe price of all natural gas flowing into interstate commerce comm erce such regulation Is not intended by the natural gas act independent producers contend ikard fears regulation of natural gas may lead the government to assert control over the oil industry production of natural gas does doe not possess the attributes 0 of if a public utility and it is one of the most speculative and competitive enterprises in our whole american economy in which there exists not the slightest ant or suspicion of monopoly ikard eald old from fron the house floon |