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Among the energy optimists, the rosiest view is offered by Dutch Economist Peter Odell, who has concluded that world oil reserves, including deposits in deep sea areas and the polar regions, stand at 4,500 billion bbl., or seven times current proven reserves. That is also well above the Rand Corp.'s estimate, which puts the reserves within a range of 1,700 billion bbl. to 2,300 billion bbl. Odell argues that the size of some known fields has been greatly underrated, notably the North Sea and Orinoco Oil Belt, whose resources he believes are even "greater than...

Author: /time Magazine | Title: Business: Oil: What's Left out There | 10/16/1978 | See Source »

...fear of a pro-Taiwanese Congress. More significantly, perhaps, China offers Carter the perfect foil against what he sees as an increasingly antagonistic Soviet Union. When he visited China last spring, Zbigniew Brzezinski stood on the Great Wall and pointed to the north, hinting of an alliance against "the polar bear." But in the balancing process, an effective independent China policy has been sacrificed to the game of superpower diplomacy...

Author: By Tom M. Levenson, | Title: Facing the Yellow Peril | 10/14/1978 | See Source »

Later that month, Chairman Hua Kuo-feng jetted across three borders of the Soviet Union in what was seen as an attempt to bait the angry polar bear. But Hua's message was far more than simple anti-Sovietism. By proclaiming the reemergence of the People's Republic as a major actor on the international stage, he threw the ball back in the U.S. court. The question is now whether the U.S. will respond by developing a policy based on the significant Sino-U.S. ties that the PRC is attempting to create...

Author: By Tom M. Levenson, | Title: Facing the Yellow Peril | 10/14/1978 | See Source »

Even if the hike in temperature were smaller-say only a degree or so-the effects might not be minor. Applied year round to the entire earth, such an increase could shift whole forests, grasslands and deserts. At the polar regions, enough ice could melt to elevate sea levels by as much as 5 m (16 ft.). That would eventually inundate low-lying coastal areas round the world, including parts of The Netherlands and the Atlantic seaboard...

Author: /time Magazine | Title: Science: Warming Earth? | 9/18/1978 | See Source »

...foot race at the Great Wall. He won, then stood next to a group of bemused Chinese sailors to have his picture taken. "Do you know you are posing with an imperialist?" he joked. Not so, said the well-coached sailors. "We are having a photograph taken with the polar-bear tamer...

Author: /time Magazine | Title: Nation: Making Friends in Peking | 6/5/1978 | See Source »

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