Word: coale
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Dates: during 1970-1979
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...Schlesinger's words to the contrary, Washington has not yet demonstrated to industry that it can or ought to pay the costs of converting to coal...
...will be enormous, particularly in the West, where utilities rely heavily on oil-and gas-fired plants. Nationwide, Chase Econometrics calculates that by 1985 the total cost of converting old oil-or gas-burning plants might reach $60 billion. That figure does not include the cost of constructing new coal-fired plants, since many of those factories would have to be built anyway, whatever fuel was used to power them-but the cost will nonetheless be huge...
Much of the expenditure will have to go for pollution-control equipment, which can add anywhere from 15% to 40% to the construction and operating costs of a coal-fired plant. Yet no matter how much money is spent, a study by the Department of Health, Education and Welfare warns, burning coal on the scale that Carter contemplates will make the air dirtier. HEW officials think the danger can be kept to a minimum by strict adherence to federal clean-air, safety and waste-disposal standards, but concern persists-with reason. Reacting to it, Washington is virtually certain to require...
...workers are widely believed to be overfed and underworked. And the threat of escalating wage demands has become very real in the wake of the boost in pay and benefits-estimated as high as 39% over three years-that the White House swallowed as the price of ending the coal strike. Teamster President
Unemployment increased slightly to 6.2% of the labor force in March, from 6.1% in February, but the rise was insignificant. Moreover, economic growth is likely to rebound sharply in the second quarter after a winter lull caused by snowstorms and the coal strike. The threat to the economy is less stagflation than plain old inflation...