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103709 1 (1977-10-25)

handle is hein.gao/gaobadxwc0001 and id is 1 raw text is: 


                                                               LM103709






                    UNITED STATES GENERAL ACCOUNTING OFFICE
                               WASHINGTON, D.C.

                                            FOR RELEASE ON DELIVERY
  C                                         EXPECTED AT 10:00 A.M. EDT
                                            TUESDAY, OCTOBER 25, 1977

                                 STATEMENT OF
                         MONTE CANFIELD, JR., DIRECTOR
                         ENERGY AND MINERALS DIVISION
                                   BEFORE THE
                       SUBCOMMITTEE ON ENERGY PRODUCTION
                                  .N D SUPPLY
                   COMMITTEE ON ENERGY AND NATURAL RESOURCES
                             UNITED STATES SENATE
                                       ON
                      UNITED STATES COAL ZZVELOPMENT AND
                THE FEDERAL COAL LEASING AMENDMENTS ACT. OF 1975


         Mr. Chairman and Members of the Subcommittee:

              We welcome the opportunity to appear before this Subcom-

         mittee to discuss some of the issues related to developing
         Federal coal resources and the Government's ability to effec-

         tively administer a development program. As you know, the

         GAO has been deeply involved in reviews of issues affecting

         the development of this Nation's vast coal resources. My

*        testimony is based on our piished reports to the Congress

*and on recently completed work. We are also ir the process

         of drafting reports on that work and we hope to complete

         and publish them soon.

              There is no question that coal will play an important

         part in the Nation's energy future. The relative importance

         of coal as an energy source, however, will largely be shaped

         by policies yet to be developed.

              Why is America's coal important? It represe:its 90 per-

         cent of the Nation's total fossil fuel reserves. Yet, it

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