U.S. President Richard Nixon addresses the nation from the Oval Office of the White House in Washington DC, United States. President Nixon says that lack of energy supplies would bring temporary shortages in fuel supplies and some increase in fuel prices. He says that if energy resources were properly developed they could fulfill American energy requirements for centuries. He says that his administration was going to end quantitative controls on oil imports and establish a national energy office in the United States. He talks about increasing the ability of the United States to prevent oil spills. The President proposes that the Congress should remove government regulations which discouraged the growth of domestic natural gas industry. Secondly, the Congress should help to establish research and ground work for developing new forms of energy for a long range future (alternate sources of energy). Thirdly, the Congress should permit the licensing of new deep water ports to open the way for long delayed Alaska oil pipeline.
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