Word: conservationism
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Through the various efforts included in the five-year conservation program, the Faculty is trying to escape the brunt of what Lichten projects to be a certain 8 to 10-percent yearly escalation in the cost of energy units.
For nearly a decade, escalating energy prices have sapped the economies of industrialized countries, spurred long and steep inflation, and sent hundreds of billions of dollars flowing into the treasuries of a handful of oil producers. Now the combined effects of recession and conservation have sharply curbed demand for oil...
A key factor determining the future course of oil prices will be the state of Western economies. Demand for oil is naturally less when business is slow and factories are idle. The deep U.S. recession and conservation efforts have driven American demand for petroleum products down by 6% in the...
An outgrowth of the Resource Conservation and Recovery Act of 1976, the ban was put in place last November in response to widespread concerns that leaking chemical drums were contaminating thousands of disposal sites. Critics of the ban, including the Chemical Manufacturers Association, had claimed that sorting out liquid from...
The utilities contend that the hikes are necessary to cover the rising costs of fuel, labor and materials. Critics retort that gross mismanagement is the real problem. Both utilities committed themselves in the late 1970s to buy oil under long-term contracts at prices far higher than those now prevailing...