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...companies are the biggest losers. They have invested $1.5 billion on the North Slope. Because the oil has not yet begun to flow out, the companies are losing $300 million to $400 million in annual revenues. Complains Ed Patton, president of Alyeska Pipeline, an oil-company consortium: "The costs are increasing dramatically each month. The interest alone on our investment runs to some $90 million annually." Moreover, the final cost of the pipeline may well be double the original estimate and hit $2 billion, owing to inflation and some highly complex engineering difficulties...

Author: /time Magazine | Title: Business: Alaska's Frustrating Freeze in Oil | 7/26/1971 | See Source »

...WERNER. 27. of Steamboat Springs, Colo., swooshed boldly through Sun Valley's downhill course in 2 min. 20.5 sec. to beat (by .9 sec.) Switzerland's Jos Minsch-winner of Innsbruck's pre-Olympic race. Next day. Werner won again in the twisting slalom. At Mount Alyeska, he beat Minsch in the downhill-only to lose by a bare .1 sec. to another American. Plagued with bad luck. Werner took an inglorious spill in the 1956 Olympics, had to sit out the 1960 games with a broken leg. He intends to make...

Author: /time Magazine | Title: Skiing: Pointing for Innsbruck | 4/12/1963 | See Source »

WILLIAM MAROLT. 19. of Aspen. Colo., was the surprising youngster who beat both Werner and Minsch in Alaska by streaking over Mount Alyeska's 8.440-ft. downhill course at a speed of 44.7 m.p.h. Son of a bartender. Bill is a University of Colorado sophomore and the best new downhill prospect...

Author: /time Magazine | Title: Skiing: Pointing for Innsbruck | 4/12/1963 | See Source »

CHUCK FERRIES. 23. of Houghton. Mich., was the talk of Europe last year: he scored successive slalom victories at Austria's Kitzbuhel and Italy's Cortina, handily beating Europe's top skiers. Though not at his best at Sun Valley and Mount Alyeska (two fourths in the downhill). Ferries is a daredevil racer who has developed control to match his speed. "At the very least, you have to have confidence. I have...

Author: /time Magazine | Title: Skiing: Pointing for Innsbruck | 4/12/1963 | See Source »

...versatile skier who ranks among the world's best at all three Alpine events. The brown-haired Oregon State coed swept to victory in both the downhill and the slalom at Sun Valley, beating Germany's Barbi Henneberger, one of Europe's best. Then at Mount Alyeska, she won the giant slalom...

Author: /time Magazine | Title: Skiing: Pointing for Innsbruck | 4/12/1963 | See Source »

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