Word: coal
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...scene is a bakery, somewhere in Europe. Customers are queueing up to make their purchases. But instead of money, they offer a pair of ice skates, a guitar, a wheelbarrow of coal, a teddy bear. A sign above the counter reads, "?-day. Expect Delays." Another says, "Barter here." If you need a further clue as to what's going on, there's a calendar displaying the date...
That's why Green Mountain has yet to see profits, although some big--and surprising--names support it. (BP Amoco and Nuon, a Dutch utility, each pumped in $50 million last fall and took over the chairmanship from, odder still, Texas billionaire Sam Wyly, an oil and coal man who is also a longtime friend of President Bush's.) The Golden State could have been a huge market, but on Feb. 1 California stripped consumers of the right to choose their electricity provider, be it green or brown...
...miles of new gas pipelines over the next 20 years if you're going to have that kind of reliance on natural gas. Gas is attractive, partly because it's a relatively clean-burning fuel. So there are environmental reasons for going with gas. But both gas and coal also do emit carbon dioxide when you burn them. That in turn gets us over to looking at this whole question of whether or not we ought to go back and reconsider nuclear plants and new nuclear technologies as a way of addressing some of our future demand for electric power...
...During the campaign you emphasized how some places like West Virginia were left out of the winners column in the Clinton Administration. What are the politics of coal, in your view...
...Well, I think coal, from a political standpoint, is important partly for the consumers because it is one of the most affordable sources of energy we've got. Secondly there's a very large supply out there. We've got huge coal reserves in this country. And we know where they are, and we know how to develop them relatively cheaply. We've got the infrastructure there in terms of transport and so forth. At the same time, there are clearly a number of areas where we've gotten a number of jobs connected with the coal industry. People...