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Unformatted text preview: comprehensive package of energy legislation to Congress that included the creation of the Department of Energy, the use of higher taxes and tax incentives to encourage conservation, the development of new sources of oil and natural gas, and the promotion of alternative fuels and nuclear power. Only the Department of Energy was approved; furthermore, an accident at the Three Mile Island nuclear plant in March 1979 discredited nuclear energy in the United States. OPEC price increases in 1979 raised the cost of a barrel of crude to over $30 (compared to $3 dollars in 1973) and resulted in gasoline price hikes to more than a $1 a gallon (as opposed to 40 cents in 1973) and the return of long lines at the gas pumps....
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- Fall '08
- Three Mile Island