Word: coal
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...Edwards are locked in a megabuck battle over the synfuel program. Stockman argues that synfuels will not make a significant contribution to American energy supplies for decades to come, and that private industry, rather than the Government, should pay for the development of projects to turn shale and coal into synthetic oil and natural gas. Edwards, on the other hand, maintains that synfuels will never become viable without Government support because private companies will not spend the billions of dollars needed for the risky programs. The Energy Secretary also insists that synfuels are needed to decrease American dependence on Middle...
...final touches to an ambitious $88 billion program for the development of synthetic fuels. Carter's grand design would have produced the equivalent of 2 million bbl. of oil per day, an amount equal to almost 40% of current petroleum imports, from abundant American supplies of shale and coal. But now there are major doubts about the whole future of synthetic fuels. Some Reagan Administration officials argue that private industry does not need Government help to develop new energy sources, and lower oil prices are weakening the incentive to produce the expensive petroleum alternatives...
...projects when Stockman tried to cut off the money. After bitter private discussions, the two men had to take the issue to the President for a decision. Reagan surprised some of his closest staffers by agreeing to go ahead with $3.1 billion in loan guarantees for the Great Plains coal gasification project in Beulah, N. Dak., and the Colony shale oil venture near Parachute, Colo. Washington also authorized spending up to $400 million to guarantee the price of oil produced from shale by the Union Oil Co. near Parachute Creek, Colo...
...office in Pretoria. The charges against last week's prisoners were graver-an index of how the ANC, long ago an advocate of peaceful change, now reaches for the gun. Moise was charged with the 1980 bombing of fuel storage tanks at South Africa's SASOL coal liquefaction plant, the most spectacular guerrilla attack ever staged in the country, with damage estimated at $7.2 million. Shabangu had thrown a grenade into the home of a black policeman in the sprawling black township of Soweto, near Johannesburg. Tsotsobe had been involved in an armed assault on a Johannesburg police...
...almost 90% in the past two years, to an average price in excess of $34 per bbl. That rise has fanned inflation and cut economic growth around the world. More important, it has led businesses and individuals to reduce consumption and start looking to such alternative energy sources as coal, natural gas and solar power...