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...Board patterned after the War Production Board of 1942-45. The energy board would consist of three members appointed by and responsible to the President. Their mission: cut red tape. The board would be empowered by Congress to select projects-the building of pipelines and refineries, the opening of coal mines-that it deemed essential to expand domestic fuel output. It then could waive procedural requirements for endless hearings imposed by a maze of environmental, safety and other laws, and set rigid deadlines for state and local authorities to give a yes-or-no answer on whether those projects would...

Author: /time Magazine | Title: Business: Costly, Complex | 7/30/1979 | See Source »

...them new and exotic, others as familiar as moonshine stills and windjammer sailing ships-are beginning to come on stream to conserve fuel and produce energy for the 1980s from unconventional sources. Clever inventors and canny investors see prospects of becoming instant energy millionaires. Long stagnant industries such as coal and steel stand to recover and prosper. Resource-rich regions can expect to surge as new plants and mines start up and create jobs...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

...regions that stand to benefit most are coal-heavy Appalachia and the Rocky Mountain states, site of most of the nation's oil shale and some of its most promising new sources of coal and oil. The U.S. Gulf Coast may also be awash with dollars, as drilling companies search for hard-to-get methane gas in deep rock strata. In grain-growing Iowa, Kansas and other farm-belt states, some 1,000 service stations are selling gasohol, made from gasoline with a 10% lacing of grain alcohol, and Carter's program would enable production to jump. Says...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

General Electric, Westinghouse and other manufacturers of boilers or electrical generating machinery would compete for many orders from utilities that have to switch from oil-fired operations to coal. Firms that make excavating and earth-moving equipment-Bucyrus-Erie, International Harvester, Allis-Chalmers and others-would encounter a burst of demand from mine operators for conveyors, cranes, bulldozers, loaders, power shovels and dragline equipment...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

Heavy demand for coal would wipe out the present glut of the fuel and help lift production from its current level of only about 650 million tons last year to the 1.2 billion-ton 1985 goal that Carter set for the industry in his first energy address two years ago. In the semiarid reaches of the intermountain West, where treasure troves of coal lie almost on the surface just waiting to be scraped up and hauled away, whole new towns would have to be built to house the workers employed at mines and synfuel plants. Residents of the region regard...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

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