Word: coal
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...State of the Union message in fact contained only a handful. The most important: a $2 billion youth-employment plan; reorganization of the Nuclear Regulatory Commission; a "comprehensive" program for safely disposing of nuclear wastes; and rewards and penalties to induce electric utilities to switch from oil to coal and other fuels...
...says the President's budget report. Expenditures for energy-saving programs will increase next year by 93%, to $1.2 billion. An additional $12 billion is set aside for a multi-year program to help utility companies buy new boilers and smokestack scrubbers needed to convert from oil to coal. Until the last days of budget preparations in mid-December, the President's economic advisers were urging a new gasoline tax of 50? per gal. as the most powerful conservation measure. But after Canadian Prime Minister Joe Clark's December defeat over a proposal to raise gasoline...
...unresolved programs. After a three-hour discussion, the President firmly drew a line under the ninth item, a supplemental foreign aid proposal. The 30 programs below the line, including additional spending on public service employment jobs and a new plan to improve roads heavily used for transporting coal, were eliminated...
Last July Carter pledged to use the proceeds of his proposed tax to set up an Energy Security Corp. to help develop an enormous new industry for the production of gas and oil from alternative sources such as shale and coal. Other revenues were to go for bolstering mass transit, subsidizing energy conservation and helping poor people pay part of the increased cost of fuel...
Shares of gold-and silver-mining companies leaped on Wall Street, as did the stocks of many so-called asset companies. Unlike financial, service or processing firms, the corporations that possess coal, oil, timber, copper or other resources have assets that retain value no matter what happens to inflation, the dollar or the economy...