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...since the oil glut of 1986 have petroleum prices gone on such a wild ride. During trading last week, the futures price of crude fell below $16.50 per bbl. for the benchmark West Texas Intermediate, down more than $2 from the previous week and $5 since early March. While demand for oil usually softens during springtime, new calculations of the world's oil production have stunned commodity traders. Total output by the Organization of Petroleum Exporting Countries exceeds 24.5 million bbl. per day, or 2 million beyond its agreed ceiling. At the same time, Saudi Arabia said it had discovered...

Author: /time Magazine | Title: PETROLEUM: Cheap Crude By the Gusher | 4/23/1990 | See Source »

...federally protected lands have been devastated by gold prospectors, whose search for riches has led to the deaths of an estimated 1,200 Indians from the 9,000-member tribe, largely through disease. Last October a federal court ordered the miners to leave the territory. But hundreds remained, using crude landing strips to fly in and out of the region. Surveying the scene from the air, Collor decided to dynamite the runways. "Blow them up," he said, "and do it quickly...

Author: /time Magazine | Title: Brazil: Blowup in the Rain Forest | 4/9/1990 | See Source »

...would need better actors than these to turn this sickly Shakespearian failure play into something with the slightest dramatic appeal. The Huntington Theatre Company's production of Cymbeline, with its crude Celtic glamour and fairytale ending, never rises above melodrama...

Author: By Ashwini Sukthankar, | Title: Huntington Shreds Shakespeare's Cymbeline | 3/20/1990 | See Source »

...called EXODUS was announcing plans for a special event to take place at 4 a.m. on March 13. Anyone seeking information was advised to call Katerli's home telephone. A noted author of moral parables, Katerli is of Jewish, Russian and Polish descent and has become used to such crude ethnic provocations ever since she started drawing public attention to anti-Semitism in the Russian nationalist movement...

Author: /time Magazine | Title: Whispers of Hatred | 3/12/1990 | See Source »

...then Van de Kamp's rivals had issued their own lamentations about the Feb. 7 accident aboard a British Petroleum tanker that dumped 349,000 gal. of crude oil into an area once known as Surf City, U.S.A. Complained the other Democratic candidate for Governor, former San Francisco Mayor Dianne Feinstein: "California has ignored the lessons of Alaska." She reiterated / her proposal to create a new department of ocean resources to protect the sea, bays and estuaries. For his part, Republican candidate Pete Wilson reminded a partisan crowd in Los Angeles, "As your U.S. Senator, I have stood...

Author: /time Magazine | Title: California Greenin' | 2/26/1990 | See Source »

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