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...rationale for the pipeline has been that the country needs Alaska's gas in order to become more energy independent. The 26 trillion cu. ft. under Alaska's North Slope are equal to 13% of U.S. proven reserves and could reduce foreign-oil imports by at least...

Author: /time Magazine | Title: Tapping Alaska for More Energy | 12/21/1981 | See Source »

...contest for control of Conoco, the energy company laden with 1.7 billion bbl. of oil reserves, 3.8 trillion cu. ft. of natural gas and 14.3 billion tons of coal, whirled on last week at a billion-dollar pace. The opponents: Du Pont, the largest U.S. chemical producer; Seagram, the world's biggest liquor distiller; Mobil, the second largest American petroleum company; and Texaco, the third-ranking oil firm. As the price for Conoco whirled higher and higher, the contestants launched a global financial free-for-all and corralled almost $20 billion in standby credit at multinational banks from...

Author: /time Magazine | Title: Reaching for Conoco's Riches | 7/27/1981 | See Source »

...Ohio, only to be lured away by far more promising discoveries in Oklahoma and Texas a few years later. But the discovery last September by Dart Energy Corp. and PPG Industries Inc. of a natural gas deposit near Falmouth that energy experts estimate will produce more than 12 million cu. ft. of gas a day has brought wildcatters streaming back...

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

...into the behavior of metals, chemicals and even living cells in what scientists call the microgravity of orbit, the familiar condition of weightlessness. Some student experiments will be carried up as well, probably as part of NASA'S so-called getaway specials, compact canisters as small as 1.5 cu. ft. that can be placed on a flight for as little as $3,000. One young man recently announced he intended to use such an experimental package to see if fruit flies breed in space. What will be next...

Author: /time Magazine | Title: Touchdown, Columbia! | 4/27/1981 | See Source »

...homes, could sink gas wells and become largely self-sufficient for many of their energy needs. In some places, that is already happening. On the campus of Wells College, in the upstate New York farm town of Aurora, a single gas well is expected to produce 200,000 cu. ft. of gas per day, saving the institution about $34,000 yearly in energy costs...

Author: /time Magazine | Title: Seeking New Oil in Old Fields | 4/6/1981 | See Source »

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