Congress chips away at synfuels plan
President Carter has been forced to accept a compromise on his synthetic fuels plan that will stretch out the timetable for the new industry and commit less money than he proposed, and strong opposition remains to setting up a quasi-private, government-sponsored corporation to supervise construction and operation of synfuel plants. The compromise leaves intact the goal of cutting oil imports 50% by eventually producing an estimated 1.75 million bbl of synfuels a day. It will just be reached in 1995, instead of 1990 as originally proposed. The compromise also calls for a phased-in approach to creating the new industry to produce synfuels from coal, oil shale, or biomass beginning with a $20-billion to $30-billion drive to construct 5 commercial-scale synfuel plants. Then Congress would review progress before authorizing a second stage.
- OSTI ID:
- 5554822
- Journal Information:
- Eng. News-Rec.; (United States), Journal Name: Eng. News-Rec.; (United States) Vol. 203:12; ISSN ENREA
- Country of Publication:
- United States
- Language:
- English
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