Word: shales
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Dates: during 1970-1979
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...think it was necessary for the President himself to study the arguments, but as one of them explains: "There was no way to shortstop it, no place for it to go except to the President." Carter himself was part of the problem. He enjoyed minutiae, from details of shale rock formations to the precise boundaries of West Bank settlements. Says another aide: "Carter ended up mediating everything...
...regions that stand to benefit most are coal-heavy Appalachia and the Rocky Mountain states, site of most of the nation's oil shale and some of its most promising new sources of coal and oil. The U.S. Gulf Coast may also be awash with dollars, as drilling companies search for hard-to-get methane gas in deep rock strata. In grain-growing Iowa, Kansas and other farm-belt states, some 1,000 service stations are selling gasohol, made from gasoline with a 10% lacing of grain alcohol, and Carter's program would enable production to jump. Says...
...vast new industry built on coal, shale and garbage
...reverse the decline in domestic oil production. The argument that decontrol of oil prices would encourage oil exploration does not obscure the fact that "over 2 million wells have been drilled in the United States--four times as many as in all the rest of the noncommunist world combined." Shale oil would cost far more than conventional oil and takes too long to develop--"a production level equal to about half of one percent of U.S. oil consumption--100,000 barrels a day--would require a billion dollars and a decade"--as well as using enormous quantities of water, which...
...coal if the U.S. removed the need for expensive scrubbers on plants that use low-sulfur Western coal. The U.S. also has to dig more coal mines (including strip mines), build more and safer nuclear plants, construct more oil refineries, drill more offshore wells, develop more oil shale projects. All of these will require some trade-offs with antipollution laws, and none of the projects can be accomplished if small groups of zealots set out to block them while OPEC's new Midases sit back and applaud...