Word: costs
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Dates: during 1970-1979
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...Dickey-Lincoln dam project would cost over $690 million, flood 88,000 acres of prime wilderness inhabited by thousands of deer, moose, beavers and waterfowl. It would also drown about $8 million worth of lumber and lumbering land. In addition, the inadequate water supply would seem to make it a very inefficient source of energy...
...thirds of the retail price of natural gas covers the cost of piping it to customers. Utilities and other major users buy gas under long-term contracts, so the full weight of any price increase may not be felt for years.If the price of natural gas rises sharply enough, it may become cheaper to use oil, coal and other fuels. At $2.48, for instance, gas becomes as expensive as home heating oil. In that case, demand for gas may lessen, forcing prices to drop...
...price would rise as high as $4 per m.c.f. before dropping back to $2.80 by 1985 as market forces came into eqilibrium. In this event, the homeowner's monthly winter bill would rise to $55.60 in 1978 and $70 in 1985. But no matter what the additional cost, industry lobbyists argue that only by decontrolling natural gas-and allowing the price to rise high enough to make it profitable to hunt for more-can the nation ensure an adequate supply (see ESSAY...
...Cost The critics' claim that the volunteer military is responsible for the soaring costs of defense manpower is "plainly incorrect," says Cooper. Thus far, he reports, "the volunteer force has added less than $300 million to the budget cost of defense manpower-about two-tenths of 1% of the defense budget." While spending for defense personnel did rise from about $22 billion in 1964 to more than $50 billion in 1976, in part because of the higher pay scale, the primary cause was the higher cost of civilian defense employees and a military retirement system enacted...
Getting the experts to describe the "crisis" often seems like asking them to analyze a Rorschach ink blot: each responds in terms of his own specialty. Most economists feel that the problem is not one of supply but of price-the cost of getting oil and gas to market. Specialists in international finance say that price as such is less important than the fact that consuming countries cannot keep handing over more and more money to the OPEC cartel members without imperiling global financial stability. By year's end the import bill for the U.S. alone will total...