Word: output
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...into effect on April 1 a series of phased increases that had been planned for the rest of 1979. There were worrisome signs that the OPEC countries, including Saudi Arabia, Iraq and other producers, were determined to make their new price offensive stick by limiting production now that Iranian output is once again climbing. Bragged Iraq's fiery Oil Minister, Tayeh Abdul-Karim: "No one country can affect this market now. As Iran's production goes up again, ours will go down...
...large sums for mandatory environmental protection equipment instead of machines and plants. In its annual report last week, the Congressional Joint Economic Committee deplored the fact that industry in 1977 had to spend $6.9 billion for pollution-abatement equipment "that does not contribute directly to the production of measured output...
...industry is suffering because the 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...
...Carter Administration has hoped that a doubling of coal output by 1985 would reduce the U.S.'s dependence on foreign oil. But production has risen by only about 10% from last year's strike-depressed level of 654 million tons, and consumption of the fuel has remained stagnant. Coal today supplies about 18% of U.S. energy needs, an increase of less than 1% since 1973, the year of the Arab oil embargo. Meanwhile, mines have closed, expansion plans have been shelved and by industry estimates, up to 10% of the nation's more than 200,000 miners...
...project would have enabled Alaskan production, presently set at 1.2 million bbl., daily, to increase to a full 1.6 million bbl., and thus help reduce dependence on foreign oil. Without the pipeline, it would be difficult to raise the North Slope output: the West Coast is already overflowing with Alaskan crude, and Sohio is having to ship some 350,000 bbls. a day of it via tanker through the Panama Canal, a process that adds up to $1 per bbl. to the cost. What is more, oil companies are barred from exporting Alaskan oil, even if the purpose...