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...world's largest industrial nation and principal importer of oil has no comprehensive program of energy development and conservation. Nevertheless even without such a program, oil imports so far this year have dropped by 13% as a result of conservation efforts and increasing domestic production from the Alaskan North Slope...

Author: /time Magazine | Title: Business: Why the Dollar Is Dropping | 8/7/1978 | See Source »

...recognize that a few disappointments should not cause them to give up the search at sea. So far, only two test wells-the Conoco and Shell dry holes-have been drilled to completion in the Baltimore Canyon. By comparison, at least eleven were sunk into Alaska's North Slope before a good find was made. In the North Sea, it took 50 false starts, and in oil-rich Western Canada the number reached...

Author: /time Magazine | Title: Energy: Dry Holes and Discoveries | 7/24/1978 | See Source »

Independent oil brokers in Scotland, who claimed to have received reports directly from the rigs, said that the field could contain as much as 13 billion bbl., nearly as much as Alaska's North Slope. By comparison, Britain's North Sea fields are thought to contain anywhere from 19 billion to 30 billion...

Author: /time Magazine | Title: Energy: Dry Holes and Discoveries | 7/24/1978 | See Source »

Foote told of the Confederate valor. Of General Armistead, who, with his hat on his saber, reached for the muzzle of a Union cannon, then fell with mortal wounds. He told of retreat. A young Southerner going down the slope walked backward so he would not be hit in the back. Robert E. Lee met his men with tears in his eyes to tell them it was his fault. "He pretty much told the truth," said Carter, pondering the lapses of judgment that are now attributed to Lee, who was almost superhuman in all other ways, in most other places...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: When Duty Called, They Came | 7/17/1978 | See Source »

...soon be home more often, though. At nearly every stop along Crescent's southwesterly slope, the ICC will conduct hearings on what it calls "Case FD 28697" and the economic impact of the train's demise. Quite possibly the Crescent's elegant rolling stock may be sold to Mexico's railway system, where the old Twentieth Century Limited is alive and well cared for, running nightly between Mexico City and Guadalajara...

Author: /time Magazine | Title: On the Southern Crescent Rolling Toward Summer | 6/5/1978 | See Source »

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