The President's News Conference
10/08/1974
https://www.presidency.ucsb.edu...
I hereby revoke Executive Order No. 11833 of January 13, 1975.
I think it's better to let history tell the story rather than contemporaries.
This act will provide important new directives to the industry and its regulators to insure that competition is always a prime consideration...
The United States is dependent on foreign sources for about 37 percent of its present petroleum needs.