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Something to think about on the gas line

Journal Article · · Forbes; (United States)
OSTI ID:6071085

President Carter's recent pledge to hold down oil imports, the logic of a switch from oil to coal, is now overwhelming, but converting coal into gas or liquid is going to be costly. And presently there are nearly 50 bills pushing a synfuel sitting in Congress. The final sorting out will probably produce a package built around price supports, incentives for private industry, a speeded-up regulatory process, and up-front government money because the investment is so huge. Some of the bills awaiting action are reviewed. Pro-solar environmentalists and balanced-budget advocates in the Carter Administration are not enthusiastic about synfuels, though. Additional OPEC price increases may this time force the US to take steps to develop synfuels. (MCW)

OSTI ID:
6071085
Journal Information:
Forbes; (United States), Journal Name: Forbes; (United States) Vol. 124:2; ISSN FORBA
Country of Publication:
United States
Language:
English