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...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...

Author: /time Magazine | Title: Business: Denver's Mile-High Energy Boom | 8/13/1979 | See Source »

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...

Author: /time Magazine | Title: Business: Denver's Mile-High Energy Boom | 8/13/1979 | See Source »

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...

Author: /time Magazine | Title: Sport: Losing and Learning in Moscow | 8/13/1979 | See Source »

...contender for gold or silver in 1980. After defeating the Ukraine volleyballers and upsetting the potent Moscow squad, the American women narrowly lost a grueling, five-game match to the Russian Federation, the Soviet national team. The American women live and practice together six days a week in Colorado Springs, under the auspices of the newly invigorated U.S. Volleyball Association. Mostly in their mid-20s, they have interrupted college, romances and careers to serve and spike. Said Janet Baier, 24, an aspiring cellist from St. Louis: "I can play the cello till I'm 90, like Casals...

Author: /time Magazine | Title: Sport: Losing and Learning in Moscow | 8/13/1979 | See Source »

...only Dr. Johnson could have been in the Colorado Rockies last week. The Aspen Music Festival put on an exotic and deliberately irrational entertainment in which clowns, jugglers and acrobats capered across the stage. Flames shot up from nowhere. Flowers sprouted suddenly in a spittoon. A chorus stalked the aisles chanting a pitch for patent medicine. The hero was played by no less than three performers-a singer, a dancer and a magician. Before a note was even heard, the magician was hanging by his feet high over the stage, wriggling free of a straitjacket...

Author: /time Magazine | Title: Music: Houdini: The Riddle Remains | 8/13/1979 | See Source »

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