INDUSTRY: The Comeback King

King Coal, once written off as an early victim of the nuclear age, has instead become its first comeback kid. U.S. coal production, which dropped by more than a third midway through the '50s, this year is on the way to setting a new record somewhat above the previous high of 630 million tons in 1947. Largely as a result of the deepening national energy crisis, President Nixon recently asked Congress to double funding of research into new and cleaner ways of using the fuel that ran steamboats and locomotives. Before the...

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