Word: cubical
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...effect that the administration would be willing to compromise still further by giving increased tax credits to industries that convert to coal, returning a larger portion of revenues from the proposed energy tax to the oil industry, and allowing regulated natural gas prices to rise to $2.00 per thousand cubic feet instead of the proposed $1.75 ceiling...
...sufficiently to encourage producers. Drilling has grown increasingly costly because most new gas can now be found only in tighter formations at depths of 15,000 ft. to 20,000 ft. The deregulators argued that even if the price of new gas rose as high as $3.25 per thousand cubic feet (m.c.f.)-compared with the present regulated price of $1.47 per m.c.f. when piped across state lines-only some $4 billion would be tacked to the national gas bill by 1980. The President's forces, on the other hand, maintained that an adequate amount of gas could be produced...
...very well might be worth it. Even if the mile-long iceberg lost as much as 20% of its mass en route, it could be melted down and its water made available at a cost of 500 to 600 a cubic meter (about 35 cu. ft.), well under the 80? it now costs to desalinate a cubic meter of water...
...fight last week stemmed from Carter's proposal to 1) retain federal price controls on natural gas sold across interstate lines but 2) raise the ceiling from $1.47 to $1.75 per thousand cubic feet (m.c.f). That scheme made it through the House, but the gas industry's friends in the Senate wanted to abolish controls altogether, which would leave the price to be set by free-market forces. Byrd plumped for Carter's bill. He sensed, however, that he would lose in the Senate, which would vote to lift price ceilings. Nonetheless, he figured that any decontrol...
...matter which proposal Congress finally accepts on natural gas, prices will almost certainly go up. How much, no one knows for sure. About half the homes and 40% of the industries in the U.S. use natural gas. The current federal price ceiling is $1.47 per thousand cubic feet (m.c.f.) for gas that is sold across state lines. Gas that is produced and sold within the same state is not subject to federal price controls and fetches anywhere fron $2.00 to $2.25 per m.c.f...