There are some myths that are exploited on your television set several times a day, sometimes several times an hour. The first myth is that the oil a… - Jimmy Carter

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There are some myths that are exploited on your television set several times a day, sometimes several times an hour. The first myth is that the oil and gas industry is controlled by free market forces. All of us believe in the free enterprise system, but there is no free enterprise system in the oil and gas market. The prices are not established by competition. The prices are established arbitrarily when the OPEC nation leaders meet in secret and say, next year this is what we will charge for oil. And, as you well know, immediately that oil price prevails in new oil discoveries in our country. We have a need, at least for our Government, to play a stronger role, as is played in other countries. But we ought to get away from the proposition or the thought that free market forces control oil or natural gas prices. Another myth is that there's an inherent conflict between conservation and production. This is not true. We are making good progress in exploration for oil. There's about an 8-month waiting period right now for new oil drilling rigs. If we triple the price of oil and natural gas, there could be no substantial increase in the rate of exploration. It would be just an enormous windfall of profits. The cheapest oil is what we save, and the cheapest natural gas is what we save. Quite often it costs nothing to save the equivalent of one barrel of oil per day. When we add expensive conservation measures, it costs maybe from zero to $3,500 to provide the saving of one barrel of oil per day. The oil that we are now going to bring down from Alaska costs about $20,000 in capital investment for one barrel of oil per day, used at its final place to heat a home. For the production of electricity, the capital investment required is much greater, maybe $50,000 to $100,000 for the equivalent of one barrel of oil used in your home in electricity. For nuclear powerplants, the investment is $200,000 to $300,000 per barrel of oil per day, when it's actually delivered to your home for use. So, to conserve a barrel of oil is much better than producing that barrel of oil in investment alone. And at the same time it reserves for future use these extremely scarce supplies.

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About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.

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Also Known As

Birth Name: James Earl Carter Jr.
Alternative Names: James E. Carter James Carter James Earl Carter 39th President of the United States James E. Carter Jr. James Earl Carter, Jr. James E. Carter, Jr.
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Another thing that occurs is for a family that stays intact when the father shifts from a State where his family gets welfare assistance to one where he doesn't get many of the programs to aid him and his family, for instance, a father--and this happens to be Wisconsin--who is working full time at the minimum wage, after he pays his taxes and draws tax credits for earned income and receives food stamps, has an income of $5,691, working full time. If that father quit his full-time job and took a half-time job at the same wage scale, minimum wage, his income would jump almost $3,000, a little more than $3,000--$1,300 to $6,940. This is another defect in the hodgepodge welfare system that runs counter to the basic commitment of American people that work on a full-time basis--for those who are able to work--is beneficial, ought to be beneficial to a family. Another thing that happens in the welfare system is that those who are working and receiving benefits, if their income should increase, either to more hours per week, or to a higher wage scale, is quite often counterproductive, and it doesn't take a working person, adult, long to figure out that an increased effort pays no dividends.' For instance, for a family head who again is earning the minimum wage, if they got an increase in income of $100, they would lose--this is kind of an average for the whole Nation--they would lose $66.67 in AFDC payments! The earned income tax credit--they would lose $10; food stamps--they would lose $9.90; housing assistance, where that is paid, lose $8.25. So, they would lose, out of the $100 increase in check, salary, $94.82, which means that they would have a net reward of only $5 out of an increase in earnings of $100. So, you can see there's very little incentive to work your way off welfare. I might point out that the legislative leaders, particularly Congressman Ullman and Senator Long, have been through these proposals with us the last time this morning. And this is going to require a very close working relationship with the committees involved. It's one of those long-standing needs in the Federal Government that has not yet been addressed, and comprehensive welfare reform is long overdue. I think we have an excellent chance to meet all the principles and goals that we've described here. We will meet the time schedule to present to the Congress the complete legislative package by the first part of August.

In closing let me say this: We can do these things if we remember that nothing good comes quickly or easily. Every one of these programs that I've outlined to you this morning has been too long ignored. When I became President, I could see very clearly, as can you, that 4, 8, 12, 20 years ago, these difficult problems should have been addressed. We must make hard choices about how to use our resources, and we must realize that only a lean and efficient government can translate good intentions into actions that will improve the lives of our people. That's the kind of government I'm determined to have. And I'm going to stick to that determination in spite of whatever criticism may come. And I need you to be partners with me in the next 4 years. Just remain standing. And I want to say one other thing. I've just got one final comment to make. In his final report to this convention, President Leonard Woodcock wrote: "In the United States, we are moving from a period of depression, despair and despondency into a time of renewed hope." If we work together in our free Nation, that hope will never fade.

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Thank you, Mr. Secretary General. Last night I was in Clinton, Massachusetts, at a Town Hall meeting where people of that small town decide their political and economic future. Tonight I speak to a similar meeting where people representing nations all over the world come here to decide their political and economic future. I am proud to be with you tonight in this house where the shared hopes of the world can find a voice. I have come here to express my own support and the continuing support of my country for the ideals of the United Nations. We are proud that for the 32 years since its creation, the United Nations has met on American soil. And we share with you the commitments of freedom, self-government, human dignity, mutual toleration, and the peaceful resolution of disputes--which the founding principles of the United Nations and also Secretary General Kurt Waldheim so well represent. No one nation by itself can build a world which reflects all these fine values. But the United States, my own country, has a reservoir of strength--economic strength, which we are willing to share; military strength, which we hope never to use again; and the strength of ideals, which are determined fully to maintain the backbone of our own foreign policy.

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