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Updated: May 15, 2025


As a result exploratory drilling activities have reached an all-time high; Prices for new natural gas are being decontrolled under the Natural Gas Policy Act and natural gas production is now at an all time high; the supply shortages of several years ago have been eliminated; The windfall profits tax on crude oil has been enacted providing $227 billion over ten years for assistance to low-income households, increased mass transit funding, and a massive investment in the production and development of alternative energy sources; The Synthetic Fuels Corporation has been established to help private companies build the facilities to produce energy from synthetic fuels; Solar energy funding has been quadrupled, solar energy tax credits enacted, and a Solar Energy and Energy Conservation Bank has been established; A route has been chosen to bring natural gas from the North Slope of Alaska to the lower 48 states; Coal production and consumption incentives have been increased, and coal production is now at its highest level in history; A gasoline rationing plan has been approved by Congress for possible use in the event of a severe energy supply shortage or interruption; Gasohol production has been dramatically increased, with a program being put in place to produce 500 million gallons of alcohol fuel by the end of this year an amount that could enable gasohol to meet the demand for 10 percent of all unleaded gasoline; New energy conservation incentives have been provided for individuals, businesses and communities and conservation has increased dramatically.

Even under these makeshift conditions, however, the assembly idea has been followed and this somewhat mitigates the drawback of contracted space. The most important tool in a kitchen is obviously the cooking range. Here the country dweller has a choice of bottled gas, electricity, or oil as fuels.

Well, droughts, floods, and historically low prices have made times very bad for our farmers. We must work together to strengthen the farm safety net, invest in land conservation, and create new markets by expanding our program for bio-based fuels and products. Today, opportunity for all requires something new: having access to a computer and knowing how to use it.

Wood, of course, is used considerably for kindling fires, and it serves as fuel in localities where it is abundant or less difficult to procure than other fuels. However, it is fast becoming too scarce and too expensive to burn.

The U.S. has reduced oil imports by 25 percent or 2 million barrels per day over the past four years. Although it is essential that the Nation reduce its dependence on imported fossil fuels and complete the transition to reliance on domestic renewable sources of energy, it is also important that this transition be accomplished in an orderly, economic, and environmentally sound manner.

The Palace of Machinery holds three lessons for the observer. It shows not only the state of man's invention at the present moment, the increasing displacement of coal by hydroelectric plants and liquid fuels, but what is perhaps more significant, the changing direction of invention toward devices for human betterment.

Melting for rolls being mostly conducted in reverberatories, the variations in the condition of the furnace atmosphere, altering from reducing to oxidizing, and vice versa, in cases of bad stoking and different fuels, were referred to as occasionally affecting results. Siemens' method of melting by radiant heat was mentioned for discussion.

The U.S. has reduced oil imports by 25 percent or 2 million barrels per day over the past four years. Although it is essential that the Nation reduce its dependence on imported fossil fuels and complete the transition to reliance on domestic renewable sources of energy, it is also important that this transition be accomplished in an orderly, economic, and environmentally sound manner.

There are possible substitutes for some petroleum products, but not for the whole barrel of oil; furthermore, petroleum is the cheapest material, speaking quantitatively, from which liquid fuels and lubricants can be made; therefore, any substitutes obtained in quantity must cost more. Alcohol can be substituted for gasoline, but only in limited quantity and at increased cost.

Perhaps we shall decide to calculate on a hundred years, believing that to be ample time for the discovery of alternative fuels if the necessity is made clear at once. The figures are, of course, hypothetical. But in calculating that way we shall be employing what reason we have. We shall be giving social time its place in public opinion.

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