Word: fueled
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Dates: during 1970-1979
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...aspect of the plan that is certain to draw the fire of antinuclear groups is the President's offer to have the U.S. store the atomic waste of foreign reactors that use American fuel. Spent uranium rods used in reactors can be reprocessed to yield plutonium, which could be used for military purposes. By holding the spent foreign fuel in the U.S., Washington hopes to curb the global proliferation of nuclear weapons...
West Germany and Japan both have their hands full trying to dispose of the mounting stockpile of spent fuel at their reactors. The Bonn government, for instance, rapidly accelerated its nuclear electrification program after the 1973 Arab oil boycott, and now has 13 atomic power plants. But the whole program has fallen into a state of semiparalysis as a result of political opposition and a barrage of court injunctions from environmentalists...
...faith that the economy would keep rising, with only minor setbacks; the double-digit inflation of 1974 made them doubt that they could realistically estimate future costs; the Arab oil embargo of 1973 and the fears of energy shortages that followed caused them to wonder whether they could find fuel to power new plants, and at what price. Investment always involves some risk, of course, but in the minds of many executives the risks now outweigh the potential rewards. Says Grant Simmons Jr., chairman of Simmons Co., the Georgia mattress maker: "Ten years ago, management would make investment decisions...
Energy. The more businessmen ponder the program that Carter presented to Congress in April, the less they like it. The program relies primarily on taxes to force conservation by raising the cost of fuel to consumers. To many executives, that is wrongheaded reliance on Government fiat. The emphasis, they think, should be put on increasing production of oil, gas, coal and nuclear power by granting energy companies more incentives. David Packard, chairman of Hewlett-Packard Co., Palo Alto, Calif., a maker of measuring instruments, says with a snort that Energy Secretary James Schlesinger, who put the program together, "doesn...
...disagree with him to possess a first-class mind, and he and Carter are grappling with a peculiarly baffling problem to which no one has proposed a wholly satisfactory solution. Businessmen argue that Carter's taxes would only feed inflation without reducing consumption much; the Administration contends that fuel costs to the consumer must go up and business cannot expect to take all the increase in profits. The outcome, so far, is a debilitating uncertainty: the House passed Carter's program almost intact, the Senate dismembered it and no one can now predict what compromise may emerge from...