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...explores how the new push for development has further stoked the fires of debate across the region as its citizens try to figure out how to make the best use of the West's natural resources. In Wyoming, wary ranchers are caught in the middle of a gas-exploration boom they can't control. In Colorado, a U.S. Forest Service plan to limit motorized access to the White River National Forest has angered off-road-vehicle enthusiasts. In Nevada, a proposed nuclear-waste dump deep inside Yucca Mountain has stirred up bipartisan opposition. In Oregon, Clinton's designation...

Author: /time Magazine | Title: High Noon In The West | 7/16/2001 | See Source »

...digging trenches for pipelines, overhead power lines are crisscrossing the valley, and drilling rigs are going up like mushrooms after a spring rain. Dube's spread is just another block on a gas company's exploration map as the Powder River basin becomes the center of a sudden boom in natural-gas drilling, one driven by rising prices, new extraction techniques and a recent federal decision to put 2,500 new wells on public land...

Author: /time Magazine | Title: Oil and Gas Drilling: Plumbing The Pasture | 7/16/2001 | See Source »

...land, even though his compensation for the "surface disturbances" amounts to just $20,000. CMS and other drillers, on the other hand, were making serious money. Wellhead prices for gas were shooting up--from $1.75 per thousand cu. ft. in February 1999 to about $5.84 in February 2001. The boom...

Author: /time Magazine | Title: Oil and Gas Drilling: Plumbing The Pasture | 7/16/2001 | See Source »

...straight interest-rate cuts have worked at all - or whether, six or nine months from now, they'll have worked too well. They'll probably spend a few years just doing what Greenspan says, and we'll probably get out of this lesson in bubble economics with our boom intact...

Author: /time Magazine | Title: Stacking The Fed | 7/13/2001 | See Source »

...really big decision won't come until June 20, 2004, when another Fed member's term runs out - Greenspan's. Father Greenback will be 77 then, and few expect him to try to go another four years after steering the money supply (rather successfully) through a recession, a boom, a global currency crisis and whatever it is we're in now. Who's up next? Vice Chairman Roger Ferguson is brilliant, qualified, and Bush just renominated him. But the Fed Chairmanship is a political appointment, for friends and allies only, and Ferguson was Clinton's pick...

Author: /time Magazine | Title: Stacking The Fed | 7/13/2001 | See Source »

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