Word: musts
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Dates: during 1970-1979
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...again, the nation's energy debate deteriorated into a cacophony of angry charges, bitter recriminations and defensive denials. As irate Americans paid their first newly inflated heating bills, Exxon and other oil giants last week reported a new Spindletop of profits. For a people unshakably convinced that somebody must be ripping them off on energy prices, here was smoking-gun proof...
...specter of Big Oil wallowing in billions raised a number of policy issues that could change the structure of the nation's energy institutions. Talk rose in Washington of increasing the taxes that oilmen must pay, of putting limits on profits and keeping controls on prices, perhaps ultimately of breaking up the companies or moving toward partial nationalization. There was not much discussion that holding down profits might also reduce exploration and production, that holding down, prices would fire up demand for even more oil imports. At the same time, the U.S. may have to move toward more dependence...
...must find some way to drive out of the business the utility companies that prove to be incompetent...
...delays run up the cost of building a reactor, as does the rocketing rise in interest rates on the money that utilities must borrow to build plants. One example: the estimated cost of Long Island Lighting Co.'s Shoreham, N.Y., plant has quintupled from $300 million to $1.5 bil lion during the ten years it has been under construction. Nuclear plants now operating produce electricity more cheaply than coal-fired power stations (1.50 per kw-h for nuclear in 1978, vs. 2.30 for coal), but the cost of finishing those now under construction will be so enormous that there...
...nuclear power is to retain any future at all, however, the plants must be made safe and the public convinced that the industry and its regulators have learned the lessons of T.M.I. The Kemeny commission report is especially disturbing. Beyond its specific criticisms, it suggests that the trouble with nuclear power is people...