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...energy producers have been squabbling among themselves all year. Saudi Arabia and Libya broke off diplomatic relations last October when Libyan President Muammar Gaddafi urged Muslims not to make their annual pilgrimage to Mecca because he claimed that the shrine had been desecrated by U.S. radar surveillance planes flying overhead. And after the outbreak of the war between Iran and Iraq, the cartel had to cancel a gala meeting in Baghdad in November that was to have celebrated the group's 20th anniversary...

Author: /time Magazine | Title: Business: Bali High for Oil Prices | 12/29/1980 | See Source »

...goal of the plan, which will reduce Chrysler's overhead by nearly $700 million and increase its assets by $1 billion, is to convince the Government's Loan Guarantee Board that the company is worth the risk of extending another $400 million in loans. The firm has already received $800 million in Government-backed loans...

Author: /time Magazine | Title: Business: Chrysler Goes Back to the Well | 12/29/1980 | See Source »

...miles. Drive north along Highway 13 in Colorado, away from the bustle and lights of a coal town like Craig, and you quickly find yourself in a land of buttes and canyons and endless sky, with gophers and prairie dogs scampering across the two-lane road and magpies fluttering overhead. Go down into southeastern Utah and head toward Moab. Take a right at the entrance to Canyonlands National Park and proceed along the paved road until it turns into a red clay rut. You are going along at 30 miles an hour, then 20, then 15. The road dips...

Author: /time Magazine | Title: Rocky Mountain High | 12/15/1980 | See Source »

Wells now pump oil right out from underneath Main Street, and dozens more dot the surrounding buttes. Cranes lay down sections of pipe across snow and sagebrush that will carry gas from well to processing plants. Helicopters whir overhead. Hundreds of workers live in trailers and tents in fields, along the river banks, or wherever a friendly rancher will let them camp...

Author: /time Magazine | Title: Nation: Life in Oil City, U.S.A. | 12/15/1980 | See Source »

They met on a cold, damp Venetian morning, the wild ducks flying overhead. The hunter was 49, married, famous. The girl was 18, a dark Leonardesque virgin. "I love you more than the moon and the sky," he would later write her. "Daughter, how complicated can life be?" Very, she would answer: "I tried to remain on the razor's edge, because had I asked, you would have thrown yourself from a wall for me." Ernest Hemingway did not go quite that far to prove his love for young Adriana Ivancich, but he did write her some...

Author: /time Magazine | Title: People, Dec. 1, 1980 | 12/1/1980 | See Source »

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