ENERGY FLASHES

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Despite the fact that the defunct Fermi I nuclear plant cost Detroit Edison's customers $70 MILLION FOR ONLY 373 HOURS OF POWER, the utility company is still pushing to build its Fermi II reactor .... It's rumored that Congress has asked the Bureau of Alcohol, Tobacco, and Firearms to prepare legislation that would REMOVE MUCH OF THE RED TAPE necessary to get a permit for a small experimental alcohol-fuel distillery...We've heard reports that high-ranking gasoline industry officials were saying-as far back as last Thanksgiving-that they would be all out of 60¢ -a-gallon gasoline within a year, but would have "PLENTY OF $1.25-A-GALLON GAS"! (Or, as Gordon Vander Till-Director of the Energy Division of Jordan College-noted: "It certainly is wonderful what a deregulated price structure can do to make a product available.")

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