Word: outer
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...recipient of the lease-sale money. Congressional budget officials in February had estimated that the sale might bring in $500 million or so, but when the counting stopped, 23 companies had offered $2.1 billion for the right to drill on 125 tracts covering 660,000 acres of the outer continental shelf. It was the most money ever bid at an Alaska offshore lease sale, but fell short of the record $2.6 billion drawn in September 1980 for 116 tracts in the Gulf of Mexico...
...Beaufort Sea bidding is part of an Interior Department plan begun during the energy-conscious days of the Carter Administration, but sharply accelerated and expanded by Secretary James Watt. Watt's plan aims at opening a billion acres of the outer continental shelf to exploration during the next five years in the hope of finding oil that will make the U.S. less dependent on imported crude...
Environmentalists, though, strongly oppose plans to drill on the outer continental shelf, claiming they are ill conceived and hastily developed and will threaten an ecologically fragile area. In addition, the powerful Sierra Club argues that the Government could get far more for its leases if it held back from opening so much land so quickly. That would give prices time to rise and allow oil companies time to collect money to make even higher bids...
...lure of profits, more than any federal plan to make the outer continental shelf more accessible to drillers, that was primarily responsible for last week's heavy bidding. Even relatively small oil companies had "saved their pennies" to make bids, as one oil-firm official...
...ADMINISTRATION'S preparations for space warfare serve to undercut United Nations efforts--such as the recently-concluded Unispace '82 conference in Vienna--to set guidelines encouraging the exploration and peaceful use of outer space. Moreover, accepting the notion that America has a "space border" that must be defended like other borders will heighten cold war tensions and increase the possibility of a nuclear war. Worst of all, the resources spent militarizing space will be diverted from more practical and often desperately needed purposes. For instance, science-fiction writer Arthur C. Clarke, who predicted a satellite age as early...