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Nader Crusades Against Oil Schemes

Nader Crusades Against Oil Schemes image
Parent Issue
Day
8
Month
February
Year
1974
OCR Text

Ralph Nader, a long-time crític of corporate practices which take advantage' of the consumer to increase profits, is actively campaigning against the latest industrialbeast, the "energy crisis. "Nader, recen tly seen stomping on oil and government executives on a late-night talk show, was in Ann Arbor on January 29 to further edúcate the public on the oil company scandal. Speaking to afull-house at HUI Auditirium, Nader attacked Nixonian policy and oil company collusion leading to the current "shortage. " The following anecdotes are taken f rom that speech and from a press converence held earlier that day. The White House Creates a Shortage Did you know the White House can créate any shortage in the económysimply by announcing it? For instance, if the White House wanted to créate a shortage of straws, all it would have to do, particularly if straw production was in the hands of a few large producers, is to announce that there is a coming shortage of straws. What would happen? First of all, people will start running to buy straws. Secondly, industries would begin to stockpile straws. Third of all, the producers of straws would see the price increase and say to themselves, what are we doing, selling all these straws now when we can hold off a bit from the market some of these straws we'll be able to sell at a higher price later. The important thing to realize is that with government support, we can almost créate any shortage, and if you have a concentrated company, that's the compliment to finish the operation. A nuclear' 'meltdown" accident would cause $17 million worth o f proper ty damage; 35,000 faialities; 100y000 serious casualties, all over an área the size of Pennsylvania. Ralph Nader, a long-time critic of corp orate practices which take advantage o f the consumer to increase pro fits is actively campaigning against the latest indus beast, the "energy crisis. ''Nader, recently seen stomping on oil and government executives on a late-night talk show, was in Ann Arbor on January 29 to further edúcate the public on the oil company scandal. Speaking to a full-house at Hill Auditorium, Nader attacked Nixonian policy and oil company collusion leading to the current "shortage. "