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...Texas Eastern Corp., banded together in what seemed like an unbeatable consortium called the Arctic Gas Pipeline Project. The group, which at its height included 27 companies, proposed to construct a 48-in. line. It would begin at the Alaskan field of Prudhoe Bay (proven reserves of 26 trillion cu. ft., enough to supply current U.S. needs for more than a year) and follow the northern coastline to Canada's Mackenzie Bay deposits before heading south to carry...
...liquefied natural gas tankers from the El Paso project off-loading in its ports. Besides, according to Government projections, the El Paso gas would be costlier to the consumer. Even so, Energy Secretary James Schlesinger estimates that Alcan gas will cost the U.S. consumer about $2.50 per thousand cu. ft., about twice the price of present domestic...
...Canadian partners will own and operate the line under government supervision. Canadian environmentalists, who vigorously opposed the Arctic consortium's pipeline, are far less exercised about Alcan since it largely avoids uncontaminated areas. If all goes according to plan, the Alcan pipeline should be pumping 2.4 billion cu. ft. of gas a day to the U.S. by mid-1983. That is by no means enough to solve the U.S. shortage, but it would alleviate the crisis...
...from 10 to 50 multistoried drilling rigs directly employing perhaps as many as 3,600 engineers, roughnecks and other workers, it may begin to look a bit like it. Even if the most optimistic guesstimates of the area's reserves (1.4 billion bbl. of oil and 9.4 trillion cu. ft. of gas) are correct, exploiting these deposits would enable the U.S. to cut its oil imports by 4% at most. It will take three to six years before commercial pumping can begin...
...Frenchmen last week was what in the world the culprits thought they could do with their loot. The bandits had made off with newly minted, neatly packaged, bronze-colored ten-franc coins-1,770,000 of them, to be exact-that weighed 17.7 tons and would require nearly 30 cu. yds. of space merely to store. If the four bandits each spend $100 per day of their bulky loot without raising suspicion, they will be plunking down the last of their ten-franc pieces some time in the year...