Word: coal
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Dates: during 1970-1979
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...Nuclear Power Subcommittee's conference as Dr. Thomas A. Vanderslice, senior vice-president of General Electric, spoke on the "absolute necessity" of nuclear power. He created economic disaster "scenarios" replete with blackouts and massive underemployment that would occur if all new 211 power units (47 nuclear and 164 coal) are not built. "If these sites are not approved," he said, "we will have about 17 per cent less capacity in 1990 than we believe necessary to avoid serious curtailment of service and widespread economic dislocations...
...help, among them metallurgical plants, engineering facilities and a trans-Iranian trunk gas pipeline. Last March the Soviets built a new blast furnace at Isfahan; new smelting and rolling mills will follow soon. All told, these projects are claimed to account for the production of 90% of all coal in Iran, almost 90% of the iron ore and 70% of the steel...
There is nothing mysterious about the buildup of atmospheric CO2. All fires, from the smoky flames of cave dwellers to the searing hearth of a modern steel plant, produce CO2. It makes no difference whether the fire is fueled by wood, coal, oil or gas. The inevitable byproduct is always dumped into what scientists sardonically call the "sewer...
...most significant factor in the accumulation of CO2 is the burning of fossil fuels. Especially worrisome is the Carter Administration's choice of coal as the U.S.'s great energy hope. Unlike competing nuclear power, which gives off no CO2, coal will inevitably add to a buildup of the gas, as will the increased consumption of other fossil fuels. A National Academy of Sciences study panel warns that if the use of coal proceeds along the Administration's projections, atmospheric concentration of CO2 might reach four to eight times that of the pre-industrial level...
Meanwhile, what to do with the money will be a problem. More will be invested in developing new kinds of energy-shale oil, solar power, coal gasification-but the Sisters expect utility-type regulation by governments that will hold down their return. There is still strong sentiment in Congress to limit, though not forbid, acquisitions in non-oil energy fields. Acquisitions of completely unrelated businesses, like Mobil's link with Marcor, probably will be held back both by political opposition and by :he feeling of most oil managements that they should stick to fields in which petroleum expertise...