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Pt. 1: Reviews national fuel shortage and impact of Commerce Dept fuel export policies on shortage. Also investigates the Panhandle Eastern Pipe Line Co.-Michigan Consolidated Gas Co. natural gas supply contract for Detroit, Mich.; Pt. 2: Investigates high prices of crude oil and alleged monopolistic practices of major petroleum companies.; Pt. 3: Continuation of hearings on oil and steel industry supply requirements. Considers the impact of Commerce Dept steel export licensing policy on the domestic iron and steel supply for oil pipelines.
Reviews DOD contracting procedures, supply use, disposal and renovation practices, military assistance to foreign nations and effectiveness of contracting and procurement controls.