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Days of Thunder has focused new attention on an old sport that is undergoing rapid transformation. Once a passion solely for the male tank-top, tattoo and feed-cap set in the rural South, stock-car racing is now going nationwide and upscale. This year more than 3 million fans in 16 states from Florida to Michigan to California will attend 29 races staged by the National Association of Stock-Car Auto Racing. That is more spectators per event than is averaged by pro football and major league baseball combined. Nearly 40% of audience members are women, up from...

Author: /time Magazine | Title: Sport: Real-Life Days of Thunder | 7/30/1990 | See Source »

OPEC members are raking in higher profits by taking over the petroleum industry from the wellhead to the gas tank. -- A devastating petrochemical- plant blast raises questions on safety...

Author: /time Magazine | Title: Time Magazine Contents Page: July 16, 1990 | 7/16/1990 | See Source »

Before 1973, no other global industry had ever been so perfectly integrated, meaning that the companies controlled their product from oil well to gasoline tank. But the rise of the Organization of Petroleum Exporting Countries and the oil embargoes of the 1970s began to interrupt that arrangement. Newly confident Third World governments abrogated or phased out the concessions under which Western oil companies had pumped oil on their territory. The national oil companies, which controlled 75% of the world's crude output, insisted on higher prices that cut into the profit margins of Western companies. The once cozy world...

Author: /time Magazine | Title: We Do It All for You | 7/16/1990 | See Source »

...former think-tank director, diplomat and history professor who is often called Gorbachev's alter...

Author: /time Magazine | Title: Soviet Union Key Players in a New Game | 7/2/1990 | See Source »

Fortunately, the light oil carried by the Mega Borg disperses and evaporates more readily than heavy crude. Of the 4 million gal. that escaped, much burned off in surface fires. By week's end the vessel was under control, although one tank was still leaking. The 30-mile-long slick seemed likely to inflict some -- but not major -- damage ashore. It had been a close call...

Author: /time Magazine | Title: Who's In Charge Here? | 6/25/1990 | See Source »

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