Word: undersea
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...tomorrow. With his encouragement, his companies developed the laser, communications satellites and a dizzying array of esoteric weaponry. As one senior Pentagon intelligence officer puts it, "He was something of a genius in understanding far-out concepts of electro-optical systems, infra-red sensors and other sophisticated gear from undersea to outer space...
...over the counter, his 346,479 shares are worth $3.5 million. At present, it seems that the only way his business can go is up. Today, about 20% of the world's oil and gas comes from beneath the ocean floor. By 1985, according to some economists, undersea wells will account for 45% of the supply of those fuels...
...animated films, Down in the Deep is amazing as a curiosity: made in 190 in color, each frame was hand-painted. Otherwise it is boring, a sentimental undersea adventure with stilted mermaids. Dreams of Wild Horses (1960), on the other hand, tears at the viewer with the same urgent power with which two stallions in the film dance and kick and bite. It gives us nine minutes of wild horses in the south of France rippling in slow motion through marshes, waves, and spray. In the end, horses leap over walls of fire, sucking their bellies up into themselves, trying...
Buried Treasure. But the oil exploiters are pressing ahead anyway, perhaps with less euphoria than in earlier years but with more experience, maturity and confidence. Though only a trickle of oil is being pumped now, oilmen expect crude to flow in ever increasing quantities from an undersea supply estimated at 40 billion bbl., two to four times the recoverable reserves from Alaska's North Slope. Some experts say the total could be 70 billion bbl.-roughly equal to the so-far proven reserves of Kuwait-or even 150 billion...
...east coast. Some time during the next few weeks, crude will begin arriving at Teesside, England, through a 220-mile pipeline from the Ekofisk field in Norway's sector of the North Sea. The oil belongs to Norway but is being pumped ashore to Britain; a deep undersea trench has prevented construction of a pipeline from Ekofisk to the Norwegian mainland...