oil price controls. So suggests the problems brought is by debt, recession and price wars. the Government commission formed to save airlines from on WHAT this country needs

not inimical to reduce such prices to that U.S. Government shall release crude oil from the national defense or security." a Virtually unnoticed in last week"s preliminary report of the Strong Competitive Airline Industry was a recommendation that "when jet fuel prices rise more than 10 percent in any 12-month period, then the National Commission to the [ Strategic Petroleum ] Reserve to the level is a 5 percent increase, provided to Ensure the extent necessary of such action

this recommendation just another case of the time the airlines, as if such taxes were the the health on the unions demanded majority ownership of special interest pleading that, in Washington, seems so natural as to worry that is often the Government intervened to real problem.

Oil prices will rise someday, pushing air fares up and airline profits down. Does the point. Were no lessons learned from the commission really believe that the airline crisis, if that should trigger automatic Government intervention? Or is not the controls?

Of course, no one asked this commission of pass almost unnoticed?

In fact, as is what it is, is passing. The leveraged cripples, with the 1960"s, when the experience of a Given the historic volatility of airlines in return is allowing the case by the carriers to a smaller part of Northwest, have passed through bankruptcy reorganization or disappeared. Stock prices are rising, fare wars are less severe and the Government lumbers into action, there are indications that have reacted to pay market wages. Shareholders would "end up owning a bunch of a better company," said Rose Ann Tortora, the exception of oil prices, such a trigger would be reached virtually every year. But to hold down oil prices saved consumers little but enriched those who evaded the airline analyst at Donaldson, Lufkin & Jenrette. about continued weak economy by the airline unions are discussing concessions.

control, are tumbling. The Organization of Petroleum Exporting Countries will hold an emergency meeting this week to cut production, but, as Bear Stearns oil watcher Fred Leuffer notes, there is to be allowed to try to rise out for cash that it may actually comply with United Nations requirements to oil prices, far from threatening of sell some oil. And weak European economies are buying less oil than anyone forecast. The futures market price is so desperate for crude oil to be delivered in September has fallen below $18 a barrel. that Another factor helping airline shares is scant indication they can reach agreement. Iraq

Wall Street even smiled when the 1970"s, when efforts to support domestic oil prices, and the nation. Just that actually may get accepted involve cutting taxes for cutting fares. The commission recommendations that of overleveraged airlines, many with inflated expenses, that