Word: coal
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...pieces by a fractious Senate. But Jimmy Carter finally won a major victory there last week when Senate liberals pushed through approval of a "use" tax, which would heavily penalize certain utilities and large firms that refused to shift from natural gas and oil to coal. The 51-to-37 vote was a defeat for Senate Finance Committee Chairman Russell Long (see following story), who has emerged as a pivotal figure in the battle. But it was only a temporary defeat. Immediately after approving the use tax, the Senate voted to give Long almost complete freedom to push some...
...supported South Africa consistently -both for commercial reasons and, it is said, because the Shah is still grateful to the South Africans for having given sanctuary to his late father after he was deposed in 1941. In the meantime, work is proceeding on a huge, $2 billion oil-from-coal plant near Johannesburg that is expected to supply up to 40% of the country's energy needs...
...even, as things turned out, an affable Dutchman who had nothing to do with the high drama of the week before. The son of an Amsterdam oil and coal dealer, Caransa made his fortune by trading military surplus goods after World War II. Later he switched to real estate, and in time came to own several of the city's finest hotels. To his friends the warmhearted Caransa is known as a bridge enthusiast, a physical fitness addict, and a racing fan. To his kidnapers he may have seemed a suitable target because 1) he is one of Holland...
Interior Secretary Cecil Andrus had a more convenient audience, a conference of coal producers in Louisville, Ky., to argue that Carter's energy program envisions "coal as America's ace in the hole that will win us the energy game in the years immediately ahead." Since some 16% of U.S. petroleum fuel is used in farming, Agriculture Secretary Bob Bergland is having no problem working plugs into upcoming speeches to rural audiences. One of his suggestions: the use of solar power to heat hen houses. Vice President Walter Mondale joined the parade with a pitch...
...Congress in April, the less they like it. The program relies primarily on taxes to force conservation by raising the cost of fuel to consumers. To many executives, that is wrongheaded reliance on Government fiat. The emphasis, they think, should be put on increasing production of oil, gas, coal and nuclear power by granting energy companies more incentives. David Packard, chairman of Hewlett-Packard Co., Palo Alto, Calif., a maker of measuring instruments, says with a snort that Energy Secretary James Schlesinger, who put the program together, "doesn't have the brains God granted a goose about...