Word: developable
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Dates: during 1970-1979
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ENERGY. Opposed to the President's program of removing controls from the price of oil and gas, Udall prefers to cut consumption by putting higher taxes on energy use. He advocates a "crash national effort" to develop new energy sources. He recommends that the Congress take action to break up the big oil companies' monopolistic control...
...amount of gas they consume. The utility will periodically turn over the proceeds, which ultimately will amount to $313 million, to Atlantic Richfield Co. (Arco), the nation's ninth largest petroleum company. Arco will use the money to pay interest and other costs of borrowing funds to develop its big gas deposits on the North Slope of Alaska. In return for the advance of the money, SoCal Gas gets the exclusive right to negotiate for 60% of Arco's North Slope gas when it starts flowing in about 1980. SoCal Gas is assured of the supply only...
There is a precedent of sorts for this arrangement. Since 1971, the Federal Power Commission has allowed interstate pipeline companies to borrow money, raise rates to consumers to pay interest and other fund-raising costs, then relend the cash to gas producers at no interest as an inducement to develop new supplies. But under that system, the pipeline company at least gets to deduct the interest expense when computing its tax bill...
...plant construction." Reason: there are still too many unanswered questions about the safety of atomic power plants, the disposal of radioactive wastes and the difficulties of safeguarding plutonium. Rather than take these nuclear risks, the scientists advised the Federal Government to: 1) start a strict energy conservation program; 2) develop nonpolluting ways of mining and burning coal; and 3) work toward using "the energy from the sun, the winds, the tides and the heat in the earth's crust." All this is familiar stuff, but the large number of concerned scientists-about 20% of those whose signatures were solicited...
Died. Dr. Edward T. Tyler, 62, gynecological researcher whose work helped to develop the Pill; of a heart attack; in Los Angeles. As medical director of the Los Angeles Planned Parenthood center, Tyler ran many early studies of oral contraceptives, and investigated such variants as antipregnancy "vaccines" and a male sperm suppressor. He also tested the fertility drugs that have sharply reduced sterility and made multiple pregnancies common...