Word: coal
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Dates: during 1970-1979
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Little that was done in Tokyo will help to ease that process. Before the meeting started, diplomats discarded as unworkable the idea of forming a consumers' cartel to bargain with OPEC. The summit leaders did agree, however, to push production of coal and nuclear power...
...nation will have to make the most of its available alternatives to oil, and to do that it will have to moderate some of its stringent environmental protection laws. The U.S. is the Saudi Arabia of coal, but a maze of regulations retard the mining, transportation and burning of coal, greatly inflating its price...
Many power-generating companies would switch from oil to coal if the U.S. removed the need for expensive scrubbers on plants that use low-sulfur Western coal. The U.S. also has to dig more coal mines (including strip mines), build more and safer nuclear plants, construct more oil refineries, drill more offshore wells, develop more oil shale projects. All of these will require some trade-offs with antipollution laws, and none of the projects can be accomplished if small groups of zealots set out to block them while OPEC's new Midases sit back and applaud...
Carter is likely to win agreement only on the principle that production of synthetic fuels should be encouraged?no international body, and no pledges of hard cash. The seven nations doubtless will exchange promises to cut oil imports and to expand production of coal and nuclear power, but not bind themselves to any specific steps to reach any of those goals...
...despicable human trafficker of the present age." The U.S. tends to agree. "This is a cynical and brutal policy," Vice President Walter Mondale told TIME last week. "They are just running, people out of the country." Hong Kong government officials say that the trade in human lives has replaced coal as Hanoi's principal source of gold and hard currency. According to some Hong Kong estimates, Hanoi could collect as much as $3 billion before its Chinese population is completely expelled...