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Title Examining coal`s market
Creator/Author Blakely, J.W.
Publication Date1976 Apr 01
OSTI IdentifierOSTI ID: 7365583
Other Number(s)CODEN: CMPRB
Resource TypeJournal Article
Resource RelationCoal Min. Process. ; Vol/Issue: 13:4
Subject294001 -- Energy Planning & Policy-- Coal ;015000 -- Coal, Lignite, & Peat-- Economic, Industrial, & Business Aspects; ;COAL-- MARKET;COAL INDUSTRY-- ENVIRONMENTAL EFFECTS;COAL INDUSTRY-- GOVERNMENT POLICIES;COAL MINING-- ENVIRONMENTAL EFFECTS;COAL MINING-- GOVERNMENT POLICIES;GOVERNMENT POLICIES; CHARGES;ELECTRIC POWER;ENERGY SUPPLIES;FORECASTING;LAWS;MIDDLE EAST;POWER GENERATION;PUBLIC RELATIONS;VIABILITY
Related SubjectCARBONACEOUS MATERIALS;ENERGY SOURCES;FOSSIL FUELS;FUELS;INDUSTRY;MINING;POWER
Description/Abstract The first half of 1974 projected the comeback of coal as the golden era in America`s coal industry, only to be followed in late 1974 with depressed market conditions, aging, inefficient mines, and insufficient capitalization and reserves.^According to Mr. Blakely, government intervention and regulatory action has forced the closing of coal mines, power plants, forges, foundries, mills, and coke ovens and brings into perspective why the U.S. reels on the brink of economic destruction and inflation runs rampant.^Further, the vast power invested in regulatory agencies; the mistaken belief that government and not private industry must create jobs; the Congress` planned intention towards the whole of the energy community; and the colossal interjection of the Federal bureaucracy into the private lives of individuals as well as corporations; all combine to indicate that the U.S. and its people face the severest test this nation ever faced, and it is predicted in the next 18 to 24 months.^Mr. Blakely also observes that every action being taken by Congress dealing with the energy crisis is looking toward a reduction in energy use and handicapping energy supply.^He cites three factors that could cause a government/people confrontation, perhaps before the November 1976 election: (1) another Arab oil embargo; (2) internal labor strife which could cause unscheduled mine closings; and (3) new mine openings are being deferred and other mines closing because of environmental restrictions.^A realistic energy-production program will have to center on coal; at this point, though he feels that the environmentalists still have control of the lawmakers, the media, and the public.^(MCW)
Country of PublicationUnited States
LanguageEnglish
FormatPages: 118-119, 152, 154
System Entry Date2001 May 13

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