Word: cued
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Dates: during 1970-1979
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...avoid the fuel shortages, plant closings and transportation tie-ups that made the bitterly cold winter of 1976-77 a national hardship to remember-and to learn from. Utilities have increased their storage capacity for natural gas: the South Jersey Gas Co., for example, this summer added 1.2 billion cu. ft., an increase of 30%. New York's Consolidated Edison Co. has arranged to buy synthetic gas as a backup in case pipeline deliveries of natural gas from Texas prove insufficient. Many utilities say they can handle a winter 10% colder than normal with almost no service reductions...
...zones. That promises new production not only for Louisiana but for an energy-hungry nation that counts natural gas as both its cleanest-burning and most critically scarce fuel. Last week the Louisiana Office of Conservation estimated that gas reserves in the Tuscaloosa Sand may reach 3 trillion cu. ft. That would be equal to 86% of last year's production in Louisiana, which leads the nation in gas output, and 18% of annual consumption in the whole country. To its discoverers that much gas would be worth $5.5 billion at existing wellhead prices on Louisiana's intrastate...
...bonanza lies near by, in the "geopressured" zones full of hot, salty water and dissolved gas that underlie thousands of square miles along the Gulf Coast. David Lombard, a physicist for the Department of Energy, asserts: "If everything works, we will have as a goal to produce 2 trillion cu. ft. of gas a year from geopressured zones by the year 2000." That would equal 10% of the present U.S. gas consumption...
Natural gas producers also want deregulation of gas prices, now fixed at $1.47 per 1,000 cu. ft. for gas sold across state lines. The Administration wants to keep controls, but at a higher price-of as much as $2 or so per 1,000 cu. ft. The White House argues that a hike of such magnitude would provide ample incentive to increase production, since natural gas is plentiful. But gas producers remain reluctant to press ahead with rapid development of new fields. If these fields were brought on-stream now, they would be subject to price control...
...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...