Word: worldlys
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Dates: during 1970-1979
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Once again the turmoil in Iran emphasizes American dependence upon what Jimmy Carter calls the "thin line of oil tankers stretching halfway around the earth to one of the most unstable regions in the world." The drive to gain some freedom from OPEC by developing domestic energy sources has never been more pressing. Last week the Senate easily adopted by a vote of 65 to 19 a $20 billion synthetic-fuel program that, among other things, would turn the nation's vast coal deposits into oil and gas. But of all the old and new sources of petroleum...
This is the Piceance Basin, the heart of a geological formation containing the world's biggest known deposit of oil shale. Locked in the mottled rock is the energy equivalent of about 1.2 trillion bbl. of oil, or roughly 40 times the nation's present proven reserves of liquid petroleum...
...conventional petroleum always hovered about $2 below the projected price of shale. Capital development costs have inflated almost as fast as OPEC prices. In the 1960s, when crude was selling for $2 a bbl., estimates were that oil from rock could be produced for $4 a bbl. Now, with world prices going up almost daily beyond the $23.50 OPEC level, shale oil may be produced for $30. But spurred by the ever higher price of crude, a group of energy entrepreneurs aim toward turning out more than 200,000 bbl. of shale oil a day by 1990. This surpasses...
DIED. Samuel Sandmel, 68, scholar, lecturer and internationally recognized authority on the New Testament and its relation to Judaism; in Cincinnati. A Navy chaplain during World War II and the author of 17 books (including We Jews and You Christians, in which he examined the common roots of the two religions) Sandmel, a native Ohioan, lectured on Jewish literature at Vanderbilt University before joining Hebrew Union College-Jewish Institute of Religion in Cincinnati, where he taught for 26 years...
...book illustrator and author who created the popular Little Tim storybook series; in London. Born in Haiphong, in what was then French Indochina, but reared in England, Ardizzone, whose style has been likened to Hogarth's and Rowlandson's, served as an official combat artist during World War II, before returning with pen and brush to less serious fare. He illustrated nearly 100 children's books; Magic Carpet, one of his best-known paintings, was reproduced by UNICEF for its collection of international Christmas cards...