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...lost production, and the U.S. is getting by on less imported oil, thanks in part to a warm winter and reduced demand driven by the recession. When Iraq and Kuwait start pumping again, the sudden glut could force prices down temporarily to $15 per bbl. or less. That would wash away the industry's profit gains of last quarter and further lower its subpar returns. Warns Unocal chairman Richard Stegemeier: "Instability is coming, and the industry doesn't do well in turbulent times...

Author: /time Magazine | Title: Big Oil's Bad Rap | 2/25/1991 | See Source »

Birds, including terns, sandpipers, curlews, ducks and cormorants, will be among the most immediate and visible victims of the spill. Their plumage becomes coated with oil, depriving them of the ability to regulate their body temperature. Hundreds of Saudis in the Jubail area have volunteered to wash the oil off birds. But even if some birds are cleaned, many will die from eating contaminated mollusks and worms in the mud flats...

Author: /time Magazine | Title: Environment: Dead Sea in the Making | 2/11/1991 | See Source »

...steel boxes, bolted together at the edge of a runway, that serve as a photo intelligence center. Specialists wearing white gloves bend over light tables and peer through loupes to examine miles of black-and-white film as it rolls by. Most of the film is a dead gray wash -- desert sand -- but occasionally a white speck or a cluster of dark dots appears...

Author: /time Magazine | Title: The Battlefront: Combat In the Sand | 2/11/1991 | See Source »

...royalties. Among the firms that are expected to begin shipping PenPoint models within the next six to 12 months: Grid, NCR and the biggest computer maker of them all, IBM. The machines will probably sell for $4,000 to $6,000. Microsoft -- the software giant based in Redmond, Wash., that has supplied IBM's operating systems in the past -- has ideas of its own, however. It is set to introduce a competing system, Pen Windows, next month...

Author: /time Magazine | Title: Taking (Digital) Pen in Hand | 1/28/1991 | See Source »

...jolted out of bed by a deafening air raid siren. I flip on army radio to get a report and then run to the living room to peek out the window, which overlooks the western suburb of Ramot. I suddenly feel the "swoosh" of supersonic jet-wash that has become familiar to all Israelis...

Author: NO WRITER ATTRIBUTED | Title: The Day the Missles Began to Fall | 1/23/1991 | See Source »

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