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...night of drinking and arguing ended for Leonard Roberts and Robert Melton in a liquor-store parking lot outside the coal-mining town of Hazard, Ky., when Roberts pulled out his gun and fatally shot Melton. The incident was not unusual in the isolated, often violent hills of eastern Kentucky. Nor was the reaction of Melton's father Carl, 70. He wanted revenge, which is considered almost a family duty in a part of the world where blood feuds can last for generations. But instead of taking the old route of getting a gun and going outside...

Author: /time Magazine | Title: Law: Hired Gun | 4/23/1979 | See Source »

...companies would get an extra $6.5 billion in earnings annually from decontrol, but about half of the money would be taxed away. The Government would use much of the tax revenues to help industry shoulder the daunting costs of projects aimed at extracting oil from shale rock and coal, and to bankroll substantially increased research into solar energy...

Author: /time Magazine | Title: Business: The Fight to Tax Big Oil | 4/23/1979 | See Source »

LICHTBLAU: We should use our surplus of natural gas to fuel industrial plants and utilities. Coal-powered electricity plants in the Midwest could export surplus electricity to the East and replace imported oil. One of our greatest errors was not to build up our strategic oil reserves. Had we done so, the Iranian cutback would have had less of an impact. We should move full speed ahead with the reserve plan now because there will be another crisis some time down the road...

Author: /time Magazine | Title: Business: An Oil Crisis: True or False? | 4/23/1979 | See Source »

SAWHILL: We need a major R. and D. effort to develop new natural gas supplies from conventional as well as nonconventional sources like coal-bed methane and tidal sands. The future for nuclear energy now looks bleak, and I don't think we will return to a coal-based economy. We are going to have to shift to a new base of energy technologies, such as solar energy, nonconventional gas and perhaps shale oil or liquefied coal...

Author: /time Magazine | Title: Business: An Oil Crisis: True or False? | 4/23/1979 | See Source »

ADELMAN: If we had not been in such a rush, the reactor accident might have been avoided, but nuclear is now back to the drawing boards. We need less regulation and more development of low-sulfur coal. Solar will grow only slowly, but that is where a lot of R. and D. money ought to be put. Energy R. and D. spending won't help solve anything for ten years, but something may come in big and leave us in a better position at the end of the decade...

Author: /time Magazine | Title: Business: An Oil Crisis: True or False? | 4/23/1979 | See Source »

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