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BRIEFING, JUNE 3, 1975 |
 | | Zarb's statement, but this whole hearing was set up to attempt to analyze the veto message, the reasons behind it, get the calculations and assumptions that were made and not to take the time of the joint subcommittees for the reading of statements. |
 | | Zarb, if you address that, if you would, because I am aware of the fact that the administration very logically would have preferred to not veto this bill since the clear political profit was on the side of not vetoing it. |
 | | Zarb, my impression is that in 1973, which is pre-OPEC embargo, the average cost of per ton utilities was $9.25, and that in 1975, which is of course post-OPEC embargo, the average cost is $10. |
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