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...Lambert, manager of energy economics and forecasting for Shell: "Anyone who says he knows exactly what the reserves are or when we are going to run out of gas and oil is either naive or stupid." Areas that seem promising often turn out to be duds. U.S. companies have sunk well after well off the northwest coast of Florida in a spot where the geological characteristics seemed encouraging; they all have been dry. By contrast, oil turns up in places that looked hopeless. In the North Sea, Phillips Petroleum was ready to quit after four failed wells. The fifth, sunk...

Author: /time Magazine | Title: OIL: Guessing What's There | 5/9/1977 | See Source »

...rest of the world, the finds on dry land are likely to be small and scattered. In the U.S., where more than 2.25 million wells have been sunk in the past 75 years, only a handful of encouraging regions remain. Among the most tantalizing: the Rocky Mountain foothills; Wyoming, where rock outcroppings may indicate trapped petroleum reserves; and parts of Mississippi and Alabama...

Author: /time Magazine | Title: OIL: Guessing What's There | 5/9/1977 | See Source »

Walker and Shaw combined to win an equally one-sided affair to put Harvard ahead, 6-2, before Gerken and Cliff Adler, who did not play a singles match, were sunk in two sets by the last Navy...

Author: NO WRITER ATTRIBUTED | Title: Racquetmen Capsize Navy, 6-3; Sub Chaikovsky Garners Win | 4/11/1977 | See Source »

Kirkland then drove the lane, tieing the game and drawing a foul. Talk about PRESSURE, and storybook finishes. With college scouts and big press writeups hovering in the wings, Kirkland sunk the shot and Elk Grove High...

Author: By Daniel Gil, | Title: Chemical Benzene Rings Replace Basketball Rims | 3/30/1977 | See Source »

Callaghan's ploy nevertheless left Tory Leader Thatcher furious. "This is a defeat with dishonor!" she snapped at a press conference. "No government has ever sunk so low-refusing to put its policies to a vote in the House of Commons." Indeed, Thatcher added, "We have no government...

Author: /time Magazine | Title: BRITAIN: Callaghan's Moment of Truth | 3/28/1977 | See Source »

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