Word: coal
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That law not only will save energy but will also encourage investment in new and better products. But the environmental regulations that retard the switch to coal, the expansion of nuclear power and the development of oil shale are debilitating to the nation. They not only waste energy but also increase oil imports and kill off job-creating capital projects...
...also lead to the expansion of drilling in the U.S. and to the development of alternative sources of energy that would become economically competitive if oil prices were higher. Guarantee loans for the development of particularly chancy and costly alternatives: oil from shale and tar sands, natural gas from coal, and solar energy...
...squeeze tightens, the bigger grows the glut of other fuels that ought to be easing the pinch. First came last winter's natural gas surplus brought on by price decontrol. Now, from West Virginia to Wyoming, miners are burying themselves under millions of tons of stockpiled coal that no one wants...
...Carter Administration has hoped that a doubling of coal output by 1985 would reduce the U.S.'s dependence on foreign oil. But production has risen by only about 10% from last year's strike-depressed level of 654 million tons, and consumption of the fuel has remained stagnant. Coal today supplies about 18% of U.S. energy needs, an increase of less than 1% since 1973, the year of the Arab oil embargo. Meanwhile, mines have closed, expansion plans have been shelved and by industry estimates, up to 10% of the nation's more than 200,000 miners...
...Illinois, the nation's fourth largest coal-producing state, some 3,000 angry miners last week descended on the capitol in Springfield to protest the deepening gloom that is settling over the mines. In the rugged Appalachian heartland that reaches from the Virginias to eastern Kentucky, more than 10,000 miners have been idled since last summer, and they are angry and resentful...