A Sinkhole Called Hibernia

Remember the energy crisis? Canadian taxpayers are about to. Their government just gave a new lease on life to one of the last relics of the era when motorists lined up at gas stations and governments launched massive oil projects to promote energy self-sufficiency. On Jan. 15, Canada agreed to further subsidize the Hibernia project, which will drill in the oil-rich but iceberg-filled waters 200 miles off the Newfoundland coast. After years of wrangling and near-cancellations, it now looks as if construction will be done in time to start pumping oil by 1997.

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