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...when the Supreme Court ruled that the Federal Power Commission must regulate interstate sales of natural gas in the best interests of consumers. The Justices were anxious to avoid monopolistic pricing practices by producers. The FPC finally set areawide, very low ceiling prices on natural gas. Today, 1,000 cu. ft. of gas costs, on the average, only 22?-the equivalent of pricing a barrel of oil (which now sells for at least...

Author: /time Magazine | Title: FUELS: That Other Shortage | 1/7/1974 | See Source »

...that remains debatable. President Nixon last spring urged Congress to exempt newly discovered finds of natural gas from FPC regulations. Such decontrol would greatly encourage gas-producing companies to find new deposits-and according to the U.S. Geological Survey, there are potentially some 1.2 quadrillion cu. ft. of reserves in the ground waiting to be tapped. The consumer would not suffer too much immediately, since the cost of new gas would be averaged in with the cost of existing supplies. But in the long run, deregulation would send gas prices skyrocketing. At least partly for that reason, big gas producers...

Author: /time Magazine | Title: FUELS: That Other Shortage | 1/7/1974 | See Source »

...presidential papers to the National Archives. The papers had been prepared or gathered while he was on the public payroll, primarily using public facilities and the services of other federal employees. To the non-expert, Nixon's papers might seem to contain a lode of trivia. Occupying 825 cu. ft, they include 414,000 letters, 87,000 items relating to public appearances (including speech texts), 27,000 invitations (along with acceptances and refusals) and 57,000 items relating to foreign trips. Nonetheless, this material could well be valuable to historians who one day will attempt to piece together...

Author: /time Magazine | Title: The Nation: Who Owns the President's Papers? | 12/31/1973 | See Source »

...major electrical appliances are significantly responsible for the surge in energy consumption, and a user can save by buying the standard model instead of the deluxe model. He can also save by properly handling the furnace and the insulation in his house: REFRIGERATORS: A standard 14-cu.-ft. fridge uses 1,137 kwh. per year, while a 17-cu.-ft. "frost-free" model uses 2,008 kw-h., or $45.98 worth. New "efficiency" units, which are also frost-free and have an energy-sparing design and insulation distribution, use only 1,155 kwh. per year for a 17-cu...

Author: /time Magazine | Title: CONSERVATION: A Kilowatt Counter's Guide to Saving | 11/26/1973 | See Source »

...number of diggers at the rich archaeological lode, most of them volunteers, has grown steadily. They have already removed some 100,000 cu. ft. of earth, painstakingly examining all of it. Each fistful of dirt must be carefully sifted through screens, not only for fragments of Stone Age tools and weapons but also for bones, plant remains and other seemingly trivial objects. Fossilized snails, for example, can be studied for evidence of ancient climatic changes (different species survive in different temperature ranges). That, in turn, could explain why some of the settlements were abandoned. Seeds, on the other hand...

Author: /time Magazine | Title: Science: Cache in the Cornfield | 10/29/1973 | See Source »

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