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...bankruptcy filing is a supreme irony since Texaco would be in robust financial health if it had never tangled with Pennzoil. In the U.S. alone, Texaco has 1.7 billion bbl. of oil reserves, worth $9.6 billion, and 5.l trillion cu. ft. of natural gas with a value of $3.l billion. Before last week, Wall Street analysts had projected Texaco's profits to be more than $650 million for this year and nearly $790 million...

Author: /time Magazine | Title: Texaco's Star Falls | 4/20/1987 | See Source »

...Pollard's "handler"; last month Sella was named commander of one of Israel's most important air bases. Similarly, Rafi Eitan, who masterminded the Pollard spy operation, was named chairman of Israel Chemicals, the country's largest government-owned company. Washington also wants Israel to return the 360 cu. ft. of American intelligence documents that Pollard stole from the Naval Investigative Service in Suitland, Md., where he worked. The papers covered a wide range of highly sensitive subjects, from Arab nuclear facilities to Soviet surface-to-air missile capabilities...

Author: /time Magazine | Title: Israel Brothers with Blood in Their Eyes | 3/30/1987 | See Source »

...nation's last pristine animal ranges. The opposition: developers who seek the vast energy riches believed to lie beneath the refuge's 1.5 million-acre coastal plain. These reserves may hold as much as 5 billion to 30 billion bbl. of oil and 64.5 trillion cu. ft. of natural...

Author: /time Magazine | Title: Environment: Arctic Debate: To drill or not to drill? | 12/8/1986 | See Source »

Eventually, more than 200 million cu. ft. of water a day will gush through the 13-ft.-wide pipes, as much as is carried by a major river. Put another way, the Libyans will be pumping more than twice as much water a day as the present volume of OPEC's daily oil production. Some 2,500 miles of pipeline will stretch from the desert to the coast. The branches serving Tripoli alone will be more than 1,200 miles long, a distance roughly equal to that between Switzerland and Scotland...

Author: /time Magazine | Title: Environment: A Plan to Make the Desert Gush | 9/29/1986 | See Source »

...Manila on the South China Sea, is the primary support and logistics base for the U.S. Seventh Fleet's 80 ships and 550 aircraft. Four floating dry docks can accommodate surface craft or submarines. Its supply depot is the Navy's largest, and its magazine holds 3.8 million cu. ft. of ammunition. Some 4,500 Filipino technicians keep 70 ships a month in good repair. The workers earn a typical salary of $1.80 an hour, one-seventh the amount in U.S. shipyards...

Author: /time Magazine | Title: Twin Anchors for American Might | 2/3/1986 | See Source »

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