Word: coal
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...thin blue vinyl notebooks that he takes to Tokyo, Carter will carry a proposal to set up an international corporation that would fund efforts to develop synthetic fuels?for example, the conversion of coal into liquid fuel...
...wish and we trust from the bottom of our hearts that the meeting . . . will contribute toward the further process of détente and toward a reduction of armaments." Carter went directly to the American ambassador's residence, a three-story mansion that was built in the early 1930s for Coal Baron Karl Broda, who fled...
...energy trust fund of $10 billion to speed up development of advanced technologies for coal gasification and liquefaction. This proposal would have to surmount objections from Washington, where pressure to balance the budget still takes priority. In addition, some European countries are reluctant to subsidize the U.S. companies that are predominant in the field...
...House Banking Committee has already approved a less ambitious partnership plan of its own. Its bill, an amendment to the Defense Production Act of 1950, would permit the Government to become the buyer of last resort for up to 500,000 bbl. daily of oil from coal, shale and other alternative sources. That would amount to about 8% of current U.S. imports. For now, the synthetic fuel is too expensive to compete with OPEC crude, but the Government's guaranteed market for the product would encourage companies to invest and get the new industry off the ground...
...Excessive Government regulations that have forced companies to spend cash not on new labor-saving and productive machines but on costly antipollution, safety and health equipment. Coal mining has been particularly hurt. Says Tom Duncan, head of the Kentucky Coal Association, a group of mine operators: "The man mining the coal is probably more productive than ever before, but now you've got one man carrying away possibly explosive coal dust, one or two men bolting roofs, one doing this thing and one doing that." In Kentucky, for example, productivity has dropped from 23.6 tons of coal mined...