Aiding synfuel industry will help end OPEC bind

Journal Article · Mon Oct 15 04:00:00 EDT 1979 · Energy User News; (United States)

OSTI ID:5685947

Moorhead, W S

Rep. Moorhead says that legislative proposals for development of a commercial synthetic-fuel industry means that 5 to 10 large plants can significantly reduce oil imports. A system of loan guarantees and either price or purchase guarantees will allow this development to be financed primarily by the private capital market, he contends. After comparing various proposals, Mr. Moorhead concludes that national security considerations alone should preclude a free-market approach without any government assistance. Beyond that, he argues that government assistance to accelerate import substitution with domestic products will have economic benefits. The few plants needed to accomplish this should not have enough environmental or health impacts to justify foregoing synfuel development, he feels.

• Research Organization: House of Representatives, Washington, DC
• OSTI ID: 5685947
• Journal Information: Energy User News; (United States), Journal Name: Energy User News; (United States) Vol. 4:42; ISSN EUSND
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290400 -- Energy Planning & Policy-- Energy Resources
COMMERCIALIZATION
ENERGY POLICY
FINANCIAL INCENTIVES
FINANCING
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL ORGANIZATIONS
LEGISLATION
OIL-EXPORTING COUNTRIES
OPEC
SYNTHETIC FUELS INDUSTRY