Economic Significance Of Recent Technologic Research On Solid Fuels

PROBABLY no large industry in the United States is in greater need of technologic research leading to economic improvement than the coal industry. It has suffered severely from increasing substitution of petroleum and natural gas for coal and its products in the fuel markets. Part of this substitution is due to the greater convenience and suitability of liquid and gaseous fuels for special purposes, and part of it has been due to the extensive research programs conducted or sponsored by the petroleum and allied industries in the past 2 decades. A recent estimate1 places these expenditures at $100,000,000 a year.