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...earnings annually from decontrol, but about half of the money would be taxed away. The Government would use much of the tax revenues to help industry shoulder the daunting costs of projects aimed at extracting oil from shale rock and coal, and to bankroll substantially increased research into solar energy...

Author: /time Magazine | Title: Business: The Fight to Tax Big Oil | 4/23/1979 | See Source »

Government support for funding of alternative energy projects such as solar energy is increasing, but nuclear power does not have a bright future, Cohen said. He added that nuclear power must still play a role in the economy, and that shutting down many existing plants would have severe economic repercussions...

Author: NO WRITER ATTRIBUTED | Title: Sen. William Cohen Speaks On American Energy Policy | 4/17/1979 | See Source »

These are only examples of possibilities. All may succeed; all may fail. There is no one "solution" to the energy problem. Zealots of every stripe have done the nation a disservice by touting their pet ideas (conservation, nuclear power, solar power, co-generation or whatever) as the solution and denigrating every other idea. Their competing overenthusiasms have confused an already difficult debate. The task is to devise a truly comprehensive energy program, investigating every feasible idea and pouring time and money into those that seem most promising...

Author: /time Magazine | Title: Time Essay: Looking Anew At The Nuclear Future | 4/16/1979 | See Source »

...premium price of $20.60 per bbl., and other producers are also levying surcharges on the basic OPEC price. Under Carter's plan, the proceeds of the oil tax would be funneled into an Energy Security Fund that would bankroll the development of alternative energy sources such as solar power and coal gasification, help low-income families pay for the rising cost of fuel and stimulate the development of energy-efficient mass transit systems such as rail and bus service...

Author: /time Magazine | Title: Business: Use Less, Pay More | 4/16/1979 | See Source »

...billion, and a net profit before taxes of close to a billion dollars, the Atlantic Richfield Company is one of the nation's largest oil firms. In 1977, it acquired the Anaconda Company, a leading mineral producer. Today ARCO's interests extend to copper, aluminum, coal, uranium, a few solar and geothermal energy operations, and even a London newspaper, The Observer...

Author: By Mark R. Anspach, | Title: The ARCO Connection | 4/16/1979 | See Source »

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