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...should I?" she would answer. Sanjay had no need of office to gain his mother's ear at the breakfast-table sessions with advisers, where many of her key policies were argued out. Presumably, he played a part in her tough decisions to raise prices on petroleum, fertilizer and rail tickets, and to cut taxes as a way of reducing inflation (currently 20% a year) and stimulating growth...

Author: /time Magazine | Title: INDIA: Death of the Crown Prince | 7/7/1980 | See Source »

Energy companies guard their petroleum intelligence as carefully as a leprechaun protecting his pot of gold, but they admit that the most promising areas seem to include...

Author: /time Magazine | Title: Business: Looking for Oil Eldorados | 7/7/1980 | See Source »

...estimated 10 billion bbl. of tar on its surface. Where tar is found, oil is usually not far away. On the other side of the Indian Ocean, India has reportedly found indications of an oil bonanza off its southeast coast. Michael Morrow, publisher of Hong Kong's Petroleum News, told TIME that "on the basis of preliminary drilling, Indian officials believe they have found the largest offshore oil basin anywhere in the world...

Author: /time Magazine | Title: Business: Looking for Oil Eldorados | 7/7/1980 | See Source »

Acts of sabotage have also been on the rise, starting with raids on isolated police stations last year and culminating in this month's nighttime bombings of three refineries hi the country's strategic SASOL petroleum complex, causing $7.5 million in damage. The sense of bitterness has palpably intensified. Says a young black in Soweto: "No one is now pretending that our complaint is only against the teaching of Afrikaans in our schools, as it was in 1976. Our complaint is against the whole system...

Author: /time Magazine | Title: SOUTH AFRICA: Nights of Rage and Gunfire | 6/30/1980 | See Source »

...energy is the lifeblood of a modern industrial society, the Soviets will undoubtedly make an all-out effort to tap their hard-to-get reserves. It remains to be seen, though, whether the country can accomplish the job in time to avert serious shortages. Concludes Jack Ray, a Tenneco petroleum specialist who is often in the Soviet Union: "With brute strength and will power they'll muddle through, just as they always...

Author: /time Magazine | Title: Energy: The Tough Search for Power | 6/23/1980 | See Source »

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