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...Until the recent jump in prices, getting at this petroleum was considered too expensive to be profitable; the oil is so thick that dilutants often have to be poured into the wells to increase its fluidity so that pumps can suck it out. Now, because of the oil-price bonanza, the Venezuelan government has the cash to buy the sophisticated technology needed to exploit the find. At the same time, the government is being pressured to placate national pride by taking over control of foreign oil concessions before 1983, when most of them are scheduled to expire. Says one foreign...

Author: /time Magazine | Title: SUPPLY: Some Non-Arab Serendipity | 12/24/1973 | See Source »

...income of dairy farmers, had absolutely no connection, as many have charged, with campaign contributions from their professional organizations, Nixon said. The real reason why he ordered the hike in price supports, the President insisted, is that the Democratic Congress was on the verge of legislating an even larger bonanza for milk producers than the one he approved. Said Nixon: "Congress put a gun to our head." He acted only to prevent that larger increase...

Author: /time Magazine | Title: CAMPAIGN FINANCING: The Land of Milk and Money | 12/3/1973 | See Source »

Lome Greene, for example, formerly the gruff boss of the Ponderosa ranch on Bonanza, is reincarnated as Griff (ABC), an ex-police captain who opens an antique-filled office as a Los Angeles private eye. The impossible-mission gambit is given a new workout by shows like Chase (NBC), which stars Mitchell Ryan as the head of a police unit assigned to cases other departments cannot handle...

Author: /time Magazine | Title: Show Business: The New Recruits: Old Faces & Tricks | 11/26/1973 | See Source »

...protests of religious leaders, who called TV"the work of the devil." Saudi Arabia now has eight stations and about 300,000 sets. Government censors scissor out any scenes of drinking, smoking or passionate kissing. Saudi viewers have a particular fondness for American programs like I Love Lucy and Bonanza...

Author: /time Magazine | Title: Business: The Life and Times of the Cautious King of Araby | 11/19/1973 | See Source »

...waters of the Peru (or Humboldt) Current once teemed with anchovies. Every year millions of tons of the sardine-like fish were caught and ground into fish meal, which was then sold abroad as a high-protein feed for livestock and poultry. About every seven years, though, the anchovy bonanza was interrupted for a few months when a mysterious flow of warm water overrode the cold current, causing the fish to disappear temporarily...

Author: /time Magazine | Title: Environment: Acts of Man, Not God | 11/12/1973 | See Source »

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