Word: coalmen
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Kick from Fossils. Despite atomic inroads, the fossil fuels have a lot of kick left. Battling to save the market they have long dominated, coalmen have turned to unit trains, automated mining equipment, and mine-mouth generating plants transmitting power across huge distances via super-high-voltage lines. Nuclear plants remain too costly for small utility companies or sparsely populated regions. In such Southwestern states as Texas, utility men insist that they will rely on cheap natural gas for years. With the total U.S. demand for electricity doubling every decade, even General Electric figures that coal consumption in U.S. power...
Beer & Mine. While Miller's actions have benefited Australian shipbuilders, sailors and coalmen, they will bring the greatest return to R. W. Miller, Ltd., a holding company with assets of $29 million. It owns nine coal mines, fleets of colliers and trucks, 42 hotels, an engineering firm, a brewery (Millers Beer), and an insurance company. Miller will use his tanker profits to underwrite coal costs, but he apparently has no fears for the future of the industry. Next March, in New South Wales, R. W. Miller, Ltd. will inaugurate its newest enterprise: another coal mine...
...government was reluctant to put import quotas on oil, as the coalmen wish, but tried to cool the crisis by giving the mines until Dec. 31, 1966 'beyond two crucial elections-to begin phasing out. Though miners are reluctant to leave their trade and their homes, they should have no trouble getting new work. In prosperous Germany, jobs are still going begging...
...English Electric Co. Ltd. to build two hydraulic-electric turbines for the Greers Ferry Dam in Arkansas, instead chose a 21% higher bid from Philadelphia's Baldwin-Lima-Hamilton Corp., thus giving some political help to Republican Congressman Hugh Scott (TIME, Feb. 2). Last week the coalmen demanded still tougher controls on imports of residual fuel oils, arguing "national defense." Lobbyists for cobalt, fluorspar, tungsten (which are already heavily stockpiled) and such debatable defense needs as dental burs and wool knit gloves are also clamoring for OCDM to squeeze off imports...
...back up the appeal, Erhard wheeled up his biggest price-defense weapon-his power to let more competing imports into the country. As a starter, he ordered his ministry to prepare schemes to slash rail freights on foreign oil and U.S. coal. At week's end the coalmen were still holding their prices up, and Erhard was stubbornly getting ready to fire the gun of low-priced imports that always in the past has knocked them down. Nobody was betting that it would not do it again...