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Ever since he presented his national energy plan in April 1977, Jimmy Carter has been arguing that coal is the fuel of the future for the U.S. The Saudi Arabia of coal, America sits atop 25% of the world's known reserves of the black rock. The President's 1977 plan called for a 75% jump in production by 1985 to 1.2 billion tons annually. Yet as of last year output had climbed to only 770 million tons, and the National Coal Association estimates that the industry will produce only 972 million tons by 1985. Now, at long...

Author: /time Magazine | Title: Business: King Coal: Ready to Reign Again | 5/19/1980 | See Source »

This week the Massachusetts Institute of Technology will release a 247-page study titled Coal-Bridge to the Future. The report optimistically concludes that the fuel can supply from half to two-thirds of all the additional energy needed by the world between now and the year 2000. Moreover, the study argues that the U.S. should play the pivotal role in helping to meet this demand, which will require tripling worldwide coal production during the next 20 years...

Author: /time Magazine | Title: Business: King Coal: Ready to Reign Again | 5/19/1980 | See Source »

...report is the result of an intensive 18-month global effort by energy experts, economists, business leaders and government officials in 16 different countries, ranging from Japan to Poland. Their mission: to go beyond well-known and rather dry tallies of world reserves and calculate just how much coal consumption will actually grow if worldwide petroleum production begins dropping, as expected, in the late 1980s...

Author: /time Magazine | Title: Business: King Coal: Ready to Reign Again | 5/19/1980 | See Source »

...currently produced in the world had forced her to construct foreign policy around oil interests. Barnet asserts that the oil priority is not new and cites the Marshall plan as an early marriage of American business and political concerns. The decision to convert Europe from a coal-based energy system to an oil-consumptive one, after the decimation of World War II, is unavoidably tied to oil lobbying. The world's consumption of oil, inextricably linked with its consumption of minerals, water, food and energy, is managed by a handful of businessmen, much as it was a hundred years...

Author: By Sarah L. Mcvity, | Title: Leaning In | 5/16/1980 | See Source »

...Scotland, MacGregor has resided in the U.S. for 40 years and is now a naturalized American citizen. Between 1967 and 1977, as chief executive officer of Amax Inc., a molybdenum mining and metals company, he transformed the sleepy firm into a giant natural resources company. In addition to coal, it has large holdings in oil and gas, copper, nickel and iron ore. Although MacGregor is credited with the foresight of having acquired metals and energy sources before their scarcity became apparent, he is criticized for a heavyhanded management style and for failing to keep a close eye on the company...

Author: /time Magazine | Title: Business: British Steel Gets a Yank | 5/12/1980 | See Source »

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