chapter  1
1 Pages

Introduction and Summary

WithRobin C. Landis

This study analyzes the impact of the 1973–1974 oil price increases on the Appalachian coal industry, which otherwise would have suffered large output reductions as a result of sulfur emission restrictions. The study first estimates what 1980 Appalachian coal output and employment would have been under different sulfur emission standards for electric utilities, at relative coal and oil prices before 1973. It then compares these estimates with estimates of 1980 coal output and employment at post-1974 relative prices.