Word: fueled
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Dates: during 1970-1979
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...least, the $5 subsidy is destined to set off a whole new surge in the price of the fuel, which in some parts of the U.S. has jumped by more than 30% since last autumn. When news of the subsidy reached Rotterdam, dealers marked up their quoted prices $5 to $6 per bbl. A $60-million shipment of heating oil from the Caribbean to Rotterdam actually jumped $10 million in value during the week as nervous traders on both sides of the Atlantic bid against each other to acquire the precious cargo before the ship reached port...
...fine tuning seems momentarily to be replenishing crude-oil stocks largely because the Administration is now urging oil companies to go out and buy whatever crude they can acquire on the world market. Diesel fuel and heating oil remain critical problems. Diesel is still generally available to farmers and truckers, though at prices that brought a column of truckers to Washington last week to double-park their rigs in front of the White House in protest. But heating-oil stocks have dwindled to only about 85% of last year's levels, and they must be rebuilt by autumn...
...flat, boxlike, conventional thermal units that sit on rooftops. These use the sun's rays to heat water, which in turn heats home water systems. A basic series of units for a one-family home costs about $2,000 and saves only about $40 a year in fuel bills. The promising new frontier is photovoltaics, the direct conversion of sunlight into electricity by using silicon-crystal panels. Though the price of photovoltaic cells has been cut in half since 1975, the cost is still $9 per watt,*equal to a staggering $40,000 for a one-family home. Still...
Wood is by far the most promising popular biomass fuel, especially in the thickly forested areas. In northern New England, where energy costs 26% more than the national average, nearly 20% of all homes rely on wood as a primary heating source. Its use has grown sixfold since 1970 because 1) new, all-enclosed wood stoves increase heat efficiency way above that of open fireplaces, and 2) new central-heating furnaces that burn both wood and oil can save up to 200 gal. of oil for each cord (128 cu. ft.) of wood consumed. A New England Congressional Caucus study...
Another increasingly popular fuel for commercial plants is urban garbage. At least 16 plants burn refuse in such cities as New York, Chicago, Sacramento and Milwaukee. One of the latest to switch to garbage power is Hempstead, N. Y., which has set up a $73 million plant on Long Island that will consume 2,000 tons of waste a day and generate up to 40 Mw (megawatts), enough electricity for 15% of the residential needs of Hempstead's 865,000 population...