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...million BTUs, vs. $9 for oil. For powering vehicles, natural gas costs the equivalent of about 70 cents per gal., in contrast to the current $1.25 average for regular unleaded gasoline. If the current enthusiasm for natural gas leads to better delivery of the fuel and a wider array of uses, once neglected methane could be a popular fuel of the future...

Author: /time Magazine | Title: Bright Hopes for the Blue Flame | 9/24/1990 | See Source »

...later in the week with a gilt-edged delegation of American businessmen from 15 of the country's largest firms, who had gone to Moscow with Secretary of State James Baker and Secretary of Commerce Robert Mosbacher. Gorbachev hinted that the Soviet Union was prepared to open its doors wider to the outside world, noting, "We are ready to draw foreign, including U.S., investments on mutually beneficial terms." The Shatalin plan goes further: instead of the old system of joint ventures, foreign companies would have the right to acquire 100% ownership of Soviet firms. The Soviets are already scrambling...

Author: /time Magazine | Title: Soviet Union Beyond Perestroika | 9/24/1990 | See Source »

...unfair to tell people that privilege has left them dumb of the ways of the world. Such an assertion insults not only their intelligence and autonomy, but compassion. We are all capable of critically evaluating our enviroment, its impact on us and our place in a wider sphere...

Author: By Kelly A.E. Mason, | Title: Flat Agents of a Class | 9/22/1990 | See Source »

...Middle East, a subject that has bitterly divided them in the past. Moscow held open the possibility of joining a U.N. force against its ally Iraq. That could mean joint military action with the U.S., an unthinkable idea for the past 45 years. At the same time, the wider role that many in Washington would like to see NATO adopt got an unrehearsed trial run, with the U.S. relying heavily on Turkey to complete the economic asphyxiation of Iraq, its southeastern neighbor. "The real significance of this crisis," said a senior Bush Administration official, "is that it is going...

Author: /time Magazine | Title: The Gulf: The World Closes In | 8/20/1990 | See Source »

That caution did not stifle the warnings from Washington that an attack on Saudi Arabia would trigger a wider war. Such a move by Iraq, said Speaker of the House Thomas Foley, "would call for a direct military response by the United States...

Author: /time Magazine | Title: Can the U.S. Turn Off Iraq's Oil? | 8/13/1990 | See Source »

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