Word: cu
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Dates: during 1970-1979
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Another major proposal faces a Senate floor vote this week, with the outcome in great doubt. The White House wants to continue price controls on natural gas that is produced in one state and sold in another, but let the price rise to $1.75 per 1,000 cu. ft. from a top of $1.47 now. It would also extend controls to gas produced and sold in the same state. The House agreed, but there is a strong move in the Senate to take off all controls and let the price of natural gas rise to any level the market would...
...Texas Eastern Corp., banded together in what seemed like an unbeatable consortium called the Arctic Gas Pipeline Project. The group, which at its height included 27 companies, proposed to construct a 48-in. line. It would begin at the Alaskan field of Prudhoe Bay (proven reserves of 26 trillion cu. ft., enough to supply current U.S. needs for more than a year) and follow the northern coastline to Canada's Mackenzie Bay deposits before heading south to carry...
...liquefied natural gas tankers from the El Paso project off-loading in its ports. Besides, according to Government projections, the El Paso gas would be costlier to the consumer. Even so, Energy Secretary James Schlesinger estimates that Alcan gas will cost the U.S. consumer about $2.50 per thousand cu. ft., about twice the price of present domestic...
...Canadian partners will own and operate the line under government supervision. Canadian environmentalists, who vigorously opposed the Arctic consortium's pipeline, are far less exercised about Alcan since it largely avoids uncontaminated areas. If all goes according to plan, the Alcan pipeline should be pumping 2.4 billion cu. ft. of gas a day to the U.S. by mid-1983. That is by no means enough to solve the U.S. shortage, but it would alleviate the crisis...
...from 10 to 50 multistoried drilling rigs directly employing perhaps as many as 3,600 engineers, roughnecks and other workers, it may begin to look a bit like it. Even if the most optimistic guesstimates of the area's reserves (1.4 billion bbl. of oil and 9.4 trillion cu. ft. of gas) are correct, exploiting these deposits would enable the U.S. to cut its oil imports by 4% at most. It will take three to six years before commercial pumping can begin...