• Short Summary

    The current worldwide oil crisis is acutely affecting South Korean's ambitious plans for industrial growth.?

  • Description

    The current worldwide oil crisis is acutely affecting South Korean's ambitious plans for industrial growth. And, the Government has announced a campaign for cutting fuel consumption by ten per cent through implementation of "immediate measures".

    These central measure include turning off unnecessary lamps, maintaining room temperatures at less than eighteen degrees centigrade (sixty-four degrees fahrenheit), shortening the hours of entertainment facilities, encouraging people to walk to destinations within two kilometres, discouraging pleasure trips, turning off ??? signs and li??iting the use of other energy sources by non-industrial sectors.

    South Korea is entirely dependent on imported oil, and nearly all of it comes from the Middle East though United States oil companies. South Korea's problem is particularly serious because of he country's close ties with the U.S., which is already suffering under the Arab cut-back, and to Japan, which has major energy problems of its own to consider.

    Petrol stations are considering shortening their hours, and closing entirely on Sundays and holiday, to help limit the use of petrol. Bus service may also be cut back as part of a move to discourage people to walk to their destinations.

    The Government has indicated that they will defer oil reobtaining as long as possible, despite the cut in imports, that may reach fifteen per cent. And even the compressed coal fuel, Yen Tan, may be in short supply as people begin to heat their homes with it, rather than heating oil.

    SYNOPSIS: The cars that now choke the streets of Soul may be forced off the streets of the South Korean capital. The country is entirely dependent on imported oil, nearly all of it from the Middle East. With the worldwide energy crisis, South Korea's motorists and industrialists may soon feel the pinch.

    There are already plans for limiting the sale of petrol and encouraging people to walk to destinations with two kilometres. Other conservation measures include lowering room temperatures and eliminating unnecessary lighting.

    Beginning next month, taxis will cut their service -- each one operating only every other day. But schedules will also be cut by up to twenty per cent.

    The national railway also plant to curtail some services, while totally eliminating unprofitable lines. The total savings is expected to be forty-three thousand litres of diesel fuel a day.

    The elimination of these public services is expected to force people to rely on more traditional means of transport. And a boom is expected in domestically produced fuels. This factory produces compressed heating fuel blocks known as Yen Tan. Made of coal, the blocks are used for heating. But the fuel oil needed to continue South Korea's industrial boom may be in short supply very soon.

    For the citizens of South Korea, there is some consolation. When the fuel runs out for their paraffin heaters, they will be a ???e to heat their homes with the Yen Tan coal blocks.

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    Reuters - Source to be Verified
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