Word: alaskan
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Dates: during 1960-1969
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...hard on his heels. Emeric Partos will not tamper in any major way with the Big Two: "A mink is a mink," he says with reverence, "and a sable is a sable, and I will not tear them, trim them or tuck them." Nonetheless, Partos has rimmed a black Alaskan seal cape with flowers made of 40 different ersatz shades of mink. Revillon Furs' designer Fernando Sanchez likes a long-haired mink, worn with the fur inside, that presents a hairless-though embossed-exterior...
...Sohio, which has some 3,500 gas stations in the Midwest, is renowned for its refining and marketing organization, but it has not had access to enough crude oil to permit expansion. So the companies .agreed to have Sohio take over BP's U.S. marketing, with BP supplying Alaskan crude and ultimately acquiring a 54% interest in Sohio for a price of about $1 billion. The ingenious deal, like BP's earlier purchase of the Sinclair stations, will not require the British company to lay out a shilling now; the price is to be financed largely...
Then the results were announced. For the first six tracts, a combine of Gulf Oil, British Petroleum and its Alaskan subsidiary bid $97 million. Another tract, just southwest of Prudhoe Bay, brought the highest single bid of the day, submitted jointly by Amerada Hess and Getty Oil: $72,277,133. A rival consortium of Phillips, Mobil and Standard Oil of California had bid a scant $164,133 less. Having underestimated on one tract, the same group decidedly overestimated on another, making a bid of $18,130,000. The next highest bid was a nominal...
...toward Greenland. From there the 115,000-ton ship, the most powerful in the U.S. merchant fleet, will turn westward into the passage itself, heading for Prudhoe Bay and the oilfields of Alaska's North Slope. Her mission is to test the feasibility of using supertankers to carry Alaskan oil to the markets of the U.S. East Coast. If all goes well, the Manhattan will make the perilous 10,000-mile round trip in about three months...
...choked Northwest Passage to the Arctic next month. Denver's King Resources Co., wagering that the Manhattan will make it, has drafted plans to build a deep-water port in Maine's Casco Bay. That port is even closer to the North Slope than Seattle is. No Alaskan oil is expected to be delivered to any of the "lower 48" states before 1972 at the earliest. But its existence may provide Congress with the reasons it needs to mate some major changes in the oil industry's present privileges...