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...Alaska is on its way to a third great boom. Oil companies-notably Atlantic Richfield, Exxon and Sohio-have already found immense reserves of natural gas under the frozen tundra of the North Slope. Geologists believe that there may be as much as 300 trillion cu. ft. of gas in deposits in Alaska's Arctic; those deposits could supply 5% of U.S. annual demand (currently 22 trillion cu. ft.) when tapped, thus helping to head off the long-predicted severe shortage in U.S. gas supplies. In fact, the gas could begin to flow from the Alaskan wells into...

Author: /time Magazine | Title: RESOURCES: The Alaskan Gas Rush | 12/29/1975 | See Source »

...economic. Now that average wellhead prices are above 50? per 1,000 cu. ft., the value of the new find is at least $500 million per trillion cu. ft. in Alaska, and perhaps three times that much delivered to the consumer. Thus money can be raised to transport North Slope gas. Indeed, two competing proposals-each of which would rank as among the very biggest private construction projects in history-have already been developed by competing energy companies...

Author: /time Magazine | Title: RESOURCES: The Alaskan Gas Rush | 12/29/1975 | See Source »

This is "El Trotche," a ciudad perdida (lost city), or urban slum, less than half a mile from Mexico City's fashionable Paseo de la Reforma. It was early Saturday morning, but drunks were already weaving their way down the slope from a little clandestine tavern selling pulque, a cheap but potent drink that the Aztecs used during religious ceremonies. The people of El Trotche are at the bottom of Mexican society, which calls them paracaidistas (paratroopers) because they seem to parachute out of the sky onto any vacant piece of land. Then, like an army of ants, they...

Author: /time Magazine | Title: The World: How the Bottom Billion Live | 12/22/1975 | See Source »

...breathtaking extravagance of the Ching dynasty's Dowager Empress Ci xi; she diverted $50 million worth of silver earmarked for her navy to rebuild the paradise. Ford pondered the steep descent, and his mind wandered back home to the Rockies. "This would be a good ski slope-there's a nice turn down there," he mused. He would have been better off in Vail. What he accomplished in Peking could have been done by Mailgram...

Author: /time Magazine | Title: THE PRESIDENCY by HUGH SIDEY: More Summits? Think Mailgram | 12/15/1975 | See Source »

...more miles (71) of trails than any other mountain in New England. Although it is pretty far south, Snow can be one of the best. It gets crowded on weekends and is a haven for jet-setters, but on weekdays in mid-winter you may do okay. The back slope has some very good expert slopes and the whole front face of the mountain is a intermediate's dream. Outdoor, steam-heated pool is an extra, added attraction. 127 miles from Boston...

Author: By H. JEFFREY Leonard, | Title: Ski Areas in New England | 12/8/1975 | See Source »

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