Word: colorado
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Dates: during 1970-1979
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...fast-changing, opportunity-laden 1980s, the energy shortage will bring an economic surge to resource-rich regions. No place has the pace of exploration and the intensity of development to match the Rocky Mountain region that embraces Colorado, Utah, Wyoming and Montana. Locked in the area's majestic peaks and prairies are the nation's most lavish supplies of undeveloped coal, oil, natural gas, shale oil, uranium and almost everything else that creates power...
Like Lewis, countless other managers and entrepreneurs are coming to Denver to live amid its comfort and culture while their hired roughnecks and miners squeeze the energy from the rural outposts. Colorado, Montana, Utah and Wyoming contain 48% of the nation's proven coal reserves, 15% of its oil and 10% of its natural gas. Many geologists believe that these estimates substantially understate the area's true energy wealth. Rising prices make it worthwhile for oilmen to drill into sites that previously were considered too risky or too costly to develop. Some experts figure that new oil finds...
...most exciting strike was made in 1975 when a drilling crew hit oil and gas deep in northern Utah's Pineview Field in what is known as the "Overthrust Belt." A giant geologic knot that twists from southern Colorado to the Canadian border, the belt was not considered worth serious exploration at previous prices because of the tough and expensive drilling conditions. Pools of oil and gas are randomly located and perched on top of one another, and such formations make traditional exploration and analysis difficult, if not impossible. Says A.B. ("Pete") Slaybaugh, chief of Continental...
America's oil shale, which is estimated to contain about 75 billion bbl. of recoverable crude, is also concentrated in the region. Elaborate pilot projects to get the oil are planned by Occidental Petroleum in western Colorado and Union Oil in southeastern Wyoming. The investment would be hefty-$120 million for Union's 20,000-acre test site designed to produce 9,000 bbl. daily-but there is a strong chance that Congress will approve a $3 tax credit for each barrel produced...
With many of their betters competing at the National Sports Festival in Colorado Springs, the U.S. track and field team felt like cannon fodder. Yet the 35-member team brought back America's seven gold medals, including all three in the sprint relays. Gloated Benn Fields, silver-medalist in the high jump: "I'm tired of hearing what dogs...