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...likelihood of a cut in the allowance, however, the managers of Atlantic-Richfield, British Petroleum and Jersey Standard believe that the find will be so profitable that they plan to invest $900 million in an 800-mile pipeline. It will bring the oil to the ice-free port of Valdez, Alaska. In order to expand its marketing of Alaskan oil, British Petroleum last week announced its intention of merging with Standard Oil of Ohio, whose stock promptly shot up 271 points to close...

Author: /time Magazine | Title: Oil: Battle Over Special Privilege | 6/13/1969 | See Source »

None of the oil is likely to reach U.S. markets until 1971. The companies and the Alaskan state government are still mulling over ways to move it. The companies prefer a pipeline to a relatively ice-free port like Valdez. The line would have to weather destructive ground heaves caused by summer thaws and winter freezes and could cost $500 million or more. Alaska's Governor Walter J. Hickel is pushing his longtime dream of extending the Alaska Railroad beyond its present Fairbanks terminal all the way to the Arctic Sea. Washington's Department of Transportation, which runs...

Author: /time Magazine | Title: Oil: Alaska's New Strike | 12/13/1968 | See Source »

...fantasy land of conventional playhouses, the guerrilla troupes prefer the realism of open-air settings for dramatizing their message to children, students, workers and activists. Naturally, the values of the Broadway stage are anathema to them. "You cannot respond to junk like Tennessee Williams or Arthur Miller," insists Luis Valdez, an alumnus of the Mime Troupe and founder of El Teatro Campesino. "Art is communication. The more artful you are, the more straight-telling you are." This is roughly the esthetic theory of the poster or the comic strip, and guerrilla theater is hardly more subtle; radical drama willingly sacrifices...

Author: /time Magazine | Title: Repertory: Guerrilla Drama | 10/18/1968 | See Source »

...roads of California's San Joachin Valley for three years, giving artistic moral support to the strike of César Chávez's Mexican-American grape pickers. The players encourage a revivalist atmosphere of hand clapping and shouting. "We like to make noise," says Director Valdez, who studied drama at San Jose State College, "because society does not allow us to make noise." Like Valdez, most of the other guerrilla players are convinced that sooner or later they will all be heard...

Author: /time Magazine | Title: Repertory: Guerrilla Drama | 10/18/1968 | See Source »

Some of the temporary effects were equally spectacular. Surging waves generated by the quake reached as high as 220 ft. above sea level near Valdez. Some 2,800 miles from the epicenter, at Hilo, Hawaii, the seismic sea wave caused the ocean to rise 121 ft. And in Antarctica, 8,445 miles away, the tsunami was recorded 221 hours after Alaska had shaken, having crossed the vast expanse of water at 430 m.p.h...

Author: /time Magazine | Title: Seismology: Shaken Earth | 11/17/1967 | See Source »

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