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...seemed poised for takeoff. Two traumatic Persian Gulf oil crises in the 1970s had sent oil prices zooming and had given rise to high hopes in Washington and the oil industry that shale would develop into a synthetic-fuel industry. To encourage domestic production, Congress enacted the synfuels tax credit and also created the Synthetic Fuels Corp. As envisioned by President Jimmy Carter, synfuels would "replace 2.5 million bbl. of imported oil a day by 1990." Oil companies flocked to Colorado. Those already active in the field, like Union Oil Co. of California (Unocal), redoubled their efforts to bring plants...

Author: /time Magazine | Title: Asleep at the Switch | 10/13/2003 | See Source »

...synfuels in 1980, Washington soon cooled to the idea, as it had done in the past. After 1980, the Reagan Administration thought private industry, not government, should shoulder all the costs. Subsidies were reduced, and in 1985 the Administration killed the entire program, except for the synthetic-fuels tax credit. "The Administration no longer believes continued funding of the Synthetic Fuels Corp. serves any useful purpose," Budget Director James Miller told Congress. Former Colorado Governor Richard Lamm, among others, considered Washington's outlook to be shortsighted: "America's energy policy is zigzagging through history like a drunk...

Author: /time Magazine | Title: Asleep at the Switch | 10/13/2003 | See Source »

...analysis of the Philadelphia Eagles' Donovan McNabb, one of five active quarterbacks with both 10,000 passing yds. and 2,000 rushing yds.: "The media has been very desirous that a black quarterback do well. There is a little hope invested in McNabb, and he got a lot of credit for the performance of this team that he didn't deserve. The defense carried this team." The show's other regulars, two of them black, did not challenge Limbaugh on the racist tinge of his remark. But the flap took wings, and by Wednesday Limbaugh had, under ESPN pressure, submitted...

Author: /time Magazine | Title: Pills, Race and Rush | 10/13/2003 | See Source »

...Hill. Despite opposition from evangelical Christians, who make up a vastly bigger part of Bush's base than gays do, the White House has named three openly gay officials. Bush has refused to overturn Bill Clinton's Executive Orders banning anti-gay discrimination in the Federal Government. How much credit R.U.C. deserves for these developments isn't clear--those with real access to the White House take care not to discuss it. But even gay Democrats in Washington say having an openly gay conduit to the Oval Office can be crucial when gay issues arise...

Author: /time Magazine | Title: The New Face Of Gay Power | 10/13/2003 | See Source »

...were forced to play with Aiken's sound, using crunchy power chords in place of benign synth pads and encouraging Aiken to put some power into his ballads. Says Aiken: "I'm very satisfied with my album. I grew as a singer, and Clive deserves a lot of the credit for that...

Author: /time Magazine | Title: Music: Building A Better Pop Star | 10/13/2003 | See Source »

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