Word: fossils
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Dates: during 1970-1979
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...hitch in the Amercan Way of Life was too much for people to absorb. Maybe they believed that the energy crisis was a fiction, created by the greedy oil companies. Whatever people thought then, the country now finds itself stuck with the reality of soaring energy costs, dwindling fossil fuel supplies and no coherent approach to bailing the situation...
...Carter administration has relied largely on jaw-boning and voluntary programs to encourage energy conservation, and not surprisingly fossil fuel consumption has not decreased. The U.S. economy may not rely as heavily on imported oil as Europe's but it still shudders with every OPEC price increase. The January balance of payments report shows the country $3.1 billion in the red, and foreign oil has a lot to do with that unsettling gap. With the recent decision by OPEC member nations to raise prices 9.5 per cent, exclusive of surcharges by individual nations, the outlook is gloomy...
...large power companies and huge generating plants in central locations. Power production is a very big-time, high-technology game, and a lot of big money flows into the power company coffers as a result of the oligopolistic concentration of capital in the power industry. Given that the fossil fuel honeymoon is just about over, the big power companies know they must find another way. But because of their orientation, they concentrate their search for alternatives on energy sources that will produce massive amounts of power in the centralized, technology-intensive, meterable mold already established. Ergo, the commitment to nuclear...
...Carter Administration's coal policy was never fully thought out. The idea was that increased output would enable utilities and factories to switch from oil and gas to coal for generating electricity and for heating. In terms of energy content, coal is indeed a bargain compared with other fossil fuels. A ton of coal contains about the same amount of energy as 4 bbls. of crude oil, but at the going rate of about $25 a ton for most existing long-term delivery contracts, coal is only half as costly as OPEC crude. Unfortunately, the savings are offset...
Restrictions on strip mining will make it nearly impossible for the nation to meet Carter's goal of doubling production of coal to 1.2 billion tons a year by 1985. Demand for America's most plentiful fossil fuel is also being held down by expensive and rapidly changing regulations on the burning coal. Energy Department has tended to promote the use of coal,while the Environmental Protection Agency has been inclined to retard it. Nuclear power development has slumped. A major reason: complex and long-drawn-out regulatory studies and hearing give vocal minority a devastatingly effective forum...