Word: hodel
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...about $20 per bbl., and OPEC must at least partially close the gap between that price and the official $29 level. Said Safer: "My guess is, the OPEC countries will come to their senses." In a speech to a gathering of energy experts in London, Energy Secretary Donald Hodel predicted last week that world prices could fall...
...Appropriations Committee, found the idea appealing. Said Hatfield last week: "I maintain the fierce conviction that an oil pipeline through Africa would substantially reduce the potential for conflict in the Persian Gulf-a conflict which could trigger World War I I I." Hatfield introduced Tsakos to Energy Secretary Donald Hodel and Exxon President Howard Kauffmann. Hatfield also discussed the project with Defense Secretary Caspar Weinberger and Sudanese President Gaafar Nimeiri...
...four other projects, including one for $365 million to Signal Energy Systems' Northern Peat Project in Maine and another for $790 million to the Great Plains Coal Gasification Project in North Dakota, which has received $2 billion in loan guarantees from the U.S. Energy Department. Energy Secretary Donald Hodel acknowledges that "drilling in America would produce much more oil" than the SFC will get for its $15 billion...
...merger of Socal and Gulf is not expected to receive any strong Government opposition on antitrust grounds. Said Energy Secretary Donald Hodel last week: "Politically, it's a tough issue because it is a natural reaction to say, 'My gosh, these giants are merging and there must be something bad about that.' But I don't see that it has any significant effect from an energy standpoint...
Some Northwesterners and Whoops bondholders think that Uncle Sam should bail out the power system. One argument for such action is that BPA, a federal agency, encouraged Whoops to build the five nuclear plants. Energy Secretary Donald Hodel, who headed BPA from 1972 to 1977, accepts some of the blame. "We looked at the energy forecasts," he recalls, "and said, 'Jiminy crickets, the Northwest is going to run out of power.' " Nonetheless, he says, "the Administration strongly opposes any bailout, and I don't sense any sentiment for one in Congress." Opponents argue that using federal money...