Word: conservationism
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As one who has no direct interest in oil companies, I think it would be fair to say that if prices had been allowed to rise gradually for the past seven years, these "sinful" and "pornographic" profits would have been acceptable. Also, small cars would have been in demand sooner...
Yet the potential havoc of an oil spill on Georges Bank is considerably greater than at other drilling sites. Attorney Douglas Foy of the Conservation Law Foundation in Boston predicted in court that at least one major spill would occur over 20 years. Worse yet, warned Foy, would be the...
There is no way to reduce the crushing costs except to burn much more coal, continue with nuclear power, speed the development of synthetics and solar, move to mandatory conservation, and, of course, drill for more domestic oil. Last week, overriding objections of environmentalists, the U.S. Supreme Court refused to...
DOE officials said yesterday they are uncertain how Carter's decision will affect American consumers. Gas prices and lines at gas stations depend on the success of conservation efforts, officials said.
The officials added that Americans can compensate for the cut-off in Iranian oil by reducing their average automobile travel by three miles daily. "With proper conservation there should be no cause for concern; there should be no cause for panic," officials said.