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Cedar Rapids Gazette Newspaper Archive: January 1, 1974 - Page 7

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - January 1, 1974, Cedar Rapids, Iowa                                The Cedar Rapids Gazette: Tues., Jan. 1, 1974 Nixon's 1980 Energy Goal Is Doubtful Ky Peter Arnett AP Special corrcwondflnt I Tho energy crisis has demon- strated America's dependence on foreign oil supplies, but Pres- ident Nixon sees a way out of this situation: Self-sufficiency by 1980. Can it lie done? These are Hie major re- sources and the problems In- volved In developing them Into energy self-sufficiency In the seven years left in this decade: Coal The nation has the world's largest coal reserves, about 3.2 trillion tons, of which 150 billion tons are recoverable with mines now operating, according to the National Petroleum Council, an industry group. Production is 600 million tons annually, about llio same as it was 20 years ago. Coal now represents only 17 per- cent of the nation's total energy consumption. It was more than half 50 years ago. When the energy crisis lilt In November, the administration hoped to save barrels of oil daily by having oil-burning power plants switch quickly to coal. The coal Industry says that can be done in 1974. A major goal Is conversion of coal to gas and oil, to augment natural gas and petroleum, which now combine for two- thirds of the nation's energy. The federal government plans to spend millions on research to develop an Inexpensive method of mass producing gas and oil from coal. Industry leaders and govern- ment officials say that between research and plant construction, It will be 1985 before the mass production Is achieved. Oil No other country in the world produces more petroleum than America's 10 million to 11 mil- lion barrels daily. But this is only two-thirds of the country's average daily consumption of 17 million barrels. The remainin." 7 million is Imported, principally from the Middle East." Most experts agree that the U.S. will.have to continue to rely on oil Imports well into the 1980s if America's energy eon- sumption continues to rise 5 per- cent annually, as it has been doing in recent years. The oil experts, among them Prof. Charles Stewart of Colum- bia university, say that wells now in production could yield an additional barrels daily in the next few months, if worked at full capacity. If drilling equipment and enough refineries are available and they aren't today one million barrels could be added to domestic production by 1976. This would be a third of the oil embargoed from the Arab countries on Oct. 17. Alaska's North Slope fields are to add another one million or two million barrels daily when the pipeline crossing the state north to south is completed late In the decade. During the 1980s, sclf-suf ficiency is theoretically possible in oil, now 45 percent of the na lion's total energy consumption But many hundreds of wells must be sunk to tap America': underground and offshore re 'serves. Most oilmen say. that a lead time of eight years is needed for exploration and the start o large-scale production from these untapped reserves. Natural Gas It provides 30 percent o America's energy needs, bu supplies are dwindling bccaus in four of the ;st five years the nation has used more natu ral gasjhan it has discovered. The reserves are there for th finding: trillion cubic fee onshore and offshore, the inter! or department says. But in dustry spokesmen say explora ation won't begin until pric controls arc removed. Shale Oil Potentially, shale oil Is major fuel, with 54 billion bar rcls of economically recovcra hie crude oil in the Green rive formation in Colorado, Utah an Wyoming, according to the Na lional Petroleum Council. Si tracts will be leasci in January, but refineries am construction of mines will tak five years or more. The first plants are expects to produce barrels a da by 1980. Nuclear Power There Is one other encrg source capable of a major con- tribution to self-sufficiency: nu- clear fission plants. Three per- cent of America's electric power now Is generated by 35 nuclear reactors, and 150 arc under construction, the hist to he completed in 1985. Then .'15 percent of electric power will he miclciir-Kcncrntcd, the govern- ment snys. Hut because of com- plex construction problems, ox- ports wiy, by only Beven percent of electric power will bo niiclonpRcnornled. SMULEKOFF'S STARTING acres of everything for the U V Months To Pay Use Smulekoff's Budget Account Your transaction a private, confidential one at Smulekoff's. Your account itayj with the It h never sold to a finance company. A floorful of lounge chairs in modern, traditional. Early American and occa- sional styles. Choose yours now with prices starting at Over 400 on Safe! Simmons, Sealy, Englander and Others Choose from twin, full, king, and queen sizes. Some floor samples as low as Assorted colors and tickings. Get yours now at a bargain price. 6-pe. Twin Beds Ensemble Includes 2 twin headboards, 2 but- ton-free foam mattresses and 2 in nersp'ring box springs, all for ONLY Perfect for the growing family at such a perfect pricel In Early Ameri- can Salem maple. SMULEKOFF'S GREAT WAREHOUSE GLEAROOT SALE starts TOMORROW 9 a.m. io 9 p.m. IN OUR STORE To start off the year .right, we've converted our entire store into a jam-packed, aisle-crowded warehouse of wonderful bar- gains. Read every word check every listed value and make your plans to attend this great event starting tomorrow. If you love' your home, and if you love true bargains, this is one sale you cannot afford to pass up! SPEND 10 MSMUTIS m OUR STORE TO VERIFY OUR CLAIMS! Yes, as little as 10 minutes on our floors will demonstrate the importance of the savings With skyrocketing prices on just about everything, :'ou'll find our shockingly low prices a refresh- ing change. And they'll give your a boost in buying power you'll appreciate. You'll discover bargains we believe will be difficult if not impossible to match ever again. Come see for yourself, and savel WHY SUCH GENEROUS DISCOUNTS? As long ago as the spring and summer furniture markets, we saw the writing on the wall about the inevitable escalation of furniture prices. So did many others. But we acted on our conclusion, ordering to the limit of our capabilities the cream of the furniture shows. New shipments continue to arrive. The immediate benefit to you is that we're filled to capacity with what you want at prices you only have to compare to appreciate. So take advantage of us. Savings of 40% and more will slim our stocks in a hurry, so if you're only vaguely contemplating a new living room suite, bedroom, dining room, etc., come see what we've got for you. These values will help you make up your mind. When you make a purchase at Smulekoff's Ready Made DRAPERIES Va Off Every Twin, Full, Queen or King BEDSPREAD to off Dinettes Reduced J30 to 150 All 5, 7 and 9 piece dinettes in stock reduced 30 to 150 dollars. We have a complete selection. Every dinette reduc- ed, none held back! Dining Room Groups Reduced to From such fine manufacturers as Drexel, Bassett, Lane, Bernhardt and Thomas- ville. Some Thomasville suites are reduc- ed as much as _ Wardrobes and KKchen Cabinets (Singly or In groups) Save to Includes utility cabinets and base and wall units. Some less than price. La-Z-Boy Recliner Chairs Reduced W to This includes our entire stock of well built La-Z-Boy recliners. Many styles and colors to choose from. Occasional Tables Reduced to Choose from 300 occasional tables made by Lane, H' .nmary, Drexel and others. Prices from and many tables Price or less. Save on Lamps Marked Down 20% to 50% Nearly every lamp in stock is for quick clearance including table, swag, chain and pole lamps. Bedroom Suites on Sale Reduced S5000 to S25000 Over 300 bedroom suites in over 50 dif- ferent styles by Drexel, Thomasville, Lane, Bassett and others in most wanted styles reduced at to Hundreds of Sofas REDUCED Some of Ihese beautiful sofas oven reduced from our regular price. Traditional, modern, Colonial and contemporary styles. Some ai low as Love Seats, Apartment Size Sofas %t H, J4 Off Regular Price 24 beautiful love seats and sofas now in stock for immediate delivery priced from Family Room Furniture For active children and today's lifestyle. All on Sale Casual furniture for your casual lifostyle. In- cludes naugahydes, Herculons, bars, tables, in- formal accessories, wall units, sofas and lounge chairs. ___________ Hide-A-Beds and Bed Davenports at Savings of to Over 150 Hide-a-beds and bed daven- ports to choose from by Simmons, Kroehler and others. Open Stock Bedroom Furniture Reduced 10% to 30% Includes solid Maple, Oak, Pine finishes, and Colo- nial, Provincial and Contemporary styles. Groups have regular bedroom furniture items and many extra pieces, such as desks, bookcases, cabinets. Stereo Units, Record Cabinets and Bookcases at Savings of 20% to 50% Hundrods of models In slock marked down. Choose any record cabinet, iloreo unit or book- case at 20 to 50 percent savings. Unfinished Furniture Ready-fo-Paint at 20% to 40% savings. Every Item in slock is reduced to clearance prices. Limited quantities of chosls, desks, cabinets, headboards, stools, benches. First come basis. Colonial Shop Bargains Save 20% to 40% Many items have been reduced for this Ware- house Clearout Sale, including Early American maple dining sets, sofas, chairs, occasional tables, bedroom furniture, lamps and acces- sories. AH Items Subject to Prior Sale iFor our customers, Use Park and Shop Plan s TERMS TO FIT YOUR BUDGEV   

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