Word: crude
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...drug trade. But they're not doing anything about it, antinarcotics experts tell TIME. Several Kabul diplomats familiar with U.S. military operations say that while carrying out searches in eastern and southern Afghanistan--opium-growing areas that are also Taliban strongholds--U.S. soldiers have found hidden caches of narcotics, crude heroin-processing labs and convoys racing across the desert with bundles of hashish and opium, headed for Europe and Central Asia. "If these drug convoys have any connection with terrorists, special forces will move in," says a Western diplomat. "Otherwise the attitude is, 'Hey, it's not our problem.'" Officially...
...PRODUCTION AND IMPORTS: PROMISES, PROMISES. In 1973, with the country importing 6 million bbl. of crude oil and petroleum products daily, President Nixon pledged that by virtue of his Project Independence "in the year 1980, the United States will not be dependent on any other country for the energy we need to provide our jobs, to heat our homes, and to keep our transportation moving." He advanced a catalog of energy proposals that covered everything from drilling on the outer continental shelf to building more nuclear power plants, from expanding the use of coal to conducting research on potential...
...reduction would be modest. Even if the ANWR would yield 1 million bbl. daily of crude oil, as suggested by the President, by the time pipelines are built and production gets under way, the oil would displace less than 10% of U.S. imports. And there are no guarantees for the 1 million bbl. In the early days of the North Slope project, politicians predicted that consumers would get 3.8 million bbl. of crude oil daily out of Alaska "by the end of the century." Instead production hit a high of 2 million bbl. in 1988--the only year at that...
...make matters worse, the U.S. is confronted with a refinery gap--just as it was in the 1973-74 oil crisis. The U.S. consumed 19.8 million bbl. a day of petroleum products last year, but its refineries could process only 16.6 million bbl. of crude oil. The 3.2 million barrel difference was made up through imports of finished products like gasoline and jet fuel, which are even more susceptible to supply disruptions than crude oil. Following the energy debacles of the 1970s, the industry began adding refinery capacity. By 1980, it could process all the crude oil required to meet...
...fact that Osama bin Laden and 15 of the 19 hijackers were Saudi citizens has focused attention on the kingdom's role as a breeding ground for religious extremism. So former CIA agent Robert Baer's new book, Sleeping with the Devil: How Washington Sold Our Soul for Saudi Crude (Crown; 226 pages), is nothing if not timely. It offers a picture of the Saudi royal family as degenerate, dangerous and doomed...