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...employees, or technically their ESOP, will take over the Weirton operation for $66 million, plus $300 million mostly for inventories of coal, iron ore and unsold products. For their money, the workers are getting an old plant, built during the early part of the century by Steel Pioneer E.T. Weir, but one that has been modernized over the years; its cold rolling mill numbers among the industry's newest. The plan calls for all workers to own shares of the new company's stock, but details of how much each will get have not been worked out. None...

Author: /time Magazine | Title: An ESOP Fable | 3/28/1983 | See Source »

OPEC is the residual or marginal source of supply to the world energy regime. It is the only after indigenous energy resources (i.e., hydro, coal, nuclear, oil, and natural gas) are produced at capacity levels that countries turn to foreign suppliers to meet additional needs. Most countries first turn to such non-OPEC suppliers as Mexico, Norway, and even the Soviet Union, either because of consideration relating to price or security of supply or both. Only then do buyers finally turn to OPEC as the supplier of last resort. Conversely as oil demand begins to decline, OPEC...

Author: By Bijan Mossavar-rahmani, | Title: The OPEC Multiplier | 3/21/1983 | See Source »

ACCORDING TO MOST REPORTS, the two films dealing with acid rain--"Acid From Heaven" and "Acid Rain: Requiem or Recovery"--present a low-key, moderate account of one of the most highly injurious forms of air pollution. Acid rain, which results from sulfur dioxide emissions from coal and some power plants, poses a tremendous threat to the environment. Produced mainly in the Eastern U.S., it acidifies lakes and streams, killing fish and other aquatic wildlife, and has been found to cause excessive root decay to forests and crops and to corrode man-made structures. The human dangers of acid rain...

Author: By Joanna B. Handelmar, | Title: Reverse Psychology | 3/10/1983 | See Source »

...heard two loud explosions Dust was everywhere People were running and screaming "save us. A coal cart fell over me," survivor Saban Kardes told The Associated Press from his hospital bed in Eregh, Turkey...

Author: NO WRITER ATTRIBUTED | Title: Explosion | 3/9/1983 | See Source »

ANKARA, Turkey--Underground explosions in a coal mine near the Black Sea killed 96 workers and injured 89 others in Turkey's worst mine accident state radio said yesterday...

Author: NO WRITER ATTRIBUTED | Title: Explosion | 3/9/1983 | See Source »

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