Word: synfuels
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...Synfuel project sabotaged
...synfuel legislation does nothing to ease the immediate OPEC squeeze, but its long-range effect will be important. Initially, Carter had called for a ten-year, $88 billion effort to construct a network of synfuel plants that could produce up to 2.5 million bbl. of crude oil per day out of coal, shale rock and tar sands. That would enable the nation to cut its projected consumption of imported oil about one-third by 1990. The House-Senate conferees accepted the ultimate goal of the program as set by the President but slowed the pace of spending. Instead...
...entire $88 billion will be used, in effect, as a "sweetener" in the form of loan, purchase, and price guarantees to lure private industry into the synfuel business. Though more than two dozen small-scale synfuel projects are already either being constructed or operated around the country, many oilmen remain unenthusiastic about starting up plants of their own. The technology for synfuels is expensive and cumbersome, and even though petroleum prices seem to climb higher almost daily, synfuel continues to be one of the costliest and least competitive of all energy sources...
Minor details of the bill still remain to be resolved, and Congress has yet to give its final approval to the creation of an Energy Mobilization Board, which is designed to cut through bureaucratic red tape and get the synfuel plants and other priority energy projects completed. Yet last week's action by the congressional conferees essentially completes work on the omnibus energy package that Carter proposed almost one year...
...meeting with the Governors, Carter discussed the West's criticisms of his efforts to block certain major water projects, push large-scale synthetic fuels development, and station a new MX mobile missile system in Nevada and Utah. He agreed that the Governors should have veto power over where synfuel plants are to be placed in their states, that a Westerner should sit on the proposed Energy Security Corporation if Congress approves its creation, and that the states should get federal help if large numbers of either synfuel or missile construction workers should flood particular localities...