Word: coal
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...energy, such as the U.S. Project Independence. (One proposal being circulated in Washington, and presumably noticed by the Saudis, envisages spending as much as $98 billion over the next 14 years to subsidize a synthetic-fuel industry that would tap the nation's stores of shale oil and coal.) But some OPEC members-among them Libya and Iran-favor yet another oil price boost. After hot debate at last week's OPEC meeting, the oil exporters could only paper over the division by agreeing to freeze present prices for three months as a compromise...
...owners of all-electric homes -houses that use electricity for heating, lighting and all major appliances -the energy crisis has been an unmitigated financial disaster. Electricity has become more expensive, partly because power companies have been passing along the increased costs of coal and fuel oil. The efforts of homeowners to conserve electric power during the energy crisis have had a devastating catch-22 effect: because electricity use declined, the utility companies' revenues fell off. To recoup the loss, the companies have jacked up their rates still further, in some cases to the highest levels since World...
...budget message later this month, he will have to indicate which programs will be slashed or which taxes raised to provide the funds for his generous welfare increases. He also faces potential union unrest. There is the danger that the hefty wage boost he granted to the coal miners (up to 30% in some cases) will embolden other workers when their contracts expire this year. This could land Wilson in the same dilemma that led to Heath's recent electoral defeat: a battle with the unions to restrain wage demands in order to hold back inflation...
...Sometimes I feel like I'm shoveling coal into an endless furnace, but I do this job because it does something for the present, the here...
...African nations that detest South Africa's apartheid policies, partly because they were angered by the fact that South Africa permitted its Jewish citizens to send money to Israel during the Yom Kippur War. The direct effect of the embargo has been minimal. Endowed by nature with rich coal deposits, South Africa derives only 20% of its energy from oil, v. 46% for the U.S. Even so, it thoughtfully stockpiled oil in advance. Buried deep in otherwise unused Transvaal coal mines is an undisclosed number of barrels...