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Just as economists have long predicted would happen, the decontrol of energy prices not only has made consumers more cautious about wasting precious fuel but has also spurred industry to search much harder for new supplies. At more than $4.30 per thousand cubic feet (as compared with $1.42 in 1974), natural gas prices have reached a level at which wildcatters can dig wells deeper than ever before and yet still turn a profit if a well proves productive...

Author: /time Magazine | Title: Michigan's Sudden Bonanza | 5/11/1981 | See Source »

...University of Chicago astrophysicist, speculates that relic neutrons--those left over from the Big Bang, the gaseous explosion believed to have formed the universe more than 9 billion years ago--outnumber the protons, neutrons, and electrons that comprise ordinary matter by about 10 billion to 1. The average cubic centimeter in the universe contains about 450 of these relic neutinos. Schram contends that if these particles have even a tiny mass, unlike the current description of conventional physics, scientists can construct a radically different view of the universe and explain several cosmological riddles...

Author: By Siddhartha Mazumdar, | Title: Massive Neutrino Alters Conception of Universe | 2/25/1981 | See Source »

...long winter, and the only inhabitants are a few Russians and Mongolian reindeer herders. During Stalin's reign of terror, the Soviet Gulag penetrated the region. Beneath tundra and scrub forests lie the world's largest untapped, proven reserves of natural gas, estimated to total 26 trillion cubic meters...

Author: /time Magazine | Title: A Soviet Pipeline to the West | 2/16/1981 | See Source »

...Western Europe. Its partners in the project are to be the major Continental countries. They will lend the Soviets $10 billion to $15 billion to cover the entire construction cost of the project, and provide their best technology and equipment in return for a supply of 40 billion cubic meters of natural gas annually, starting in 1986 at the earliest...

Author: /time Magazine | Title: A Soviet Pipeline to the West | 2/16/1981 | See Source »

...Soviets, though, are in an extraordinarily, strong bargaining position. Western Europe, which imports about 50% of its total energy supplies, badly needs the new fuel, even though it would increase its dependence upon the Soviet Union. For instance, West Germany, which already receives 12 billion cubic meters of gas annually from the Soviet Union, would get an additional 12.5 billion cubic meters from the new pipeline. That would represent 30% of its projected total gas consumption in 1986. France, which proposes to take 10 billion cubic meters from the new line, would be receiving 30% of its gas from...

Author: /time Magazine | Title: A Soviet Pipeline to the West | 2/16/1981 | See Source »

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