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...richest and relatively undeveloped new regions being explored is the Western Overthrust Belt, a geological formation of petroleum- and gas-bearing rock running from Canada to Mexico. Other new drilling in the mainland U.S. is under way in the Tuscaloosa Trend of Louisiana, the Permian Basin of West Texas, the Williston Basin of North and South Dakota and Montana, and offshore in the Gulf of Mexico...

Author: /time Magazine | Title: Business: Booming Times for Driilers | 9/15/1980 | See Source »

...other side of the Indian Ocean, India has reportedly found indications of an oil bonanza off its southeast coast. Michael Morrow, publisher of Hong Kong's Petroleum News, told TIME that "on the basis of preliminary drilling, Indian officials believe they have found the largest offshore oil basin anywhere in the world...

Author: /time Magazine | Title: Business: Looking for Oil Eldorados | 7/7/1980 | See Source »

...tracks would be scattered over 45,000 sq. mi. of federally owned land in the Great Basin desert of Utah and Nevada. Matheson and List urged Congress to reconsider the sites because of the damage the project would cause the fragile ecosystem of the area. They were particularly concerned that the construction would increase an already severe water shortage. In addition, Matheson claimed, the invasion of the construction crews would change forever what he called "the chosen way of life" of people in the region's tiny rural communities. Beyond their plea to Congress, the Governors plan to wage...

Author: /time Magazine | Title: Nation: Taking Aim at the MX Missile | 4/7/1980 | See Source »

...demise of the town too. And last week, obeying a 1976 order by a U.S. district court to stop dumping in the lake, the facility did close-though only until May. Then the plant will reopen and begin shipping its wastes by rail and pipeline to a huge inland basin. There the tailings will be deposited and kept covered under 10 ft. of water so that the fiber dust cannot escape. Speaking about his town, Silver Bay's Mayor Robert Kind, an officer in the state highway patrol, says happily: "Now I think we are going to hold...

Author: /time Magazine | Title: Environment: Tailings' End | 3/31/1980 | See Source »

Enclosed in a remote marshy area by huge dams made of coarse tailings covered with vegetation, the mammoth basin measures nearly 6 sq. mi. and will cost $370 million when fully completed. The other costs of the long environmental dispute have also been large, ranging from such intangibles as fears in Silver Bay of a permanent plant shutdown (which local physicians blame for a flurry of marriage breakups and a rise in prescriptions for tranquilizers) to the $7 million that Duluth had to pay for a filtration plant when the city's drinking water was found to contain...

Author: /time Magazine | Title: Environment: Tailings' End | 3/31/1980 | See Source »

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