Word: alberta
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...also developed a special type of story in which color pictures have played a major part-reports on areas of the world that have become important in the news. Some which you probably remember were those on the British Isles (TIME, July 2), the Moslem World (Aug. 13), Alberta (Sept. 24), the Industrial South (Dec. 10), Hawaii (Feb. 18) and French Morocco (March...
...byproduct of TIME'S color program has been the emergence of Cover Artist Boris Artzybasheff as a color photographer. A good journalist, as well as an imaginative artist, Artzybasheff made the color photographs of booming Alberta and lonely San Salvador (TIME, Oct. 15). Associate Editor John T. McCullough. who was once a news photographer and is now TIME'S color picture editor, has also used his camera to advantage for color supplements on Old Sturbridge Village (TIME, Nov. 5), Hawaii, and, in this issue, Lexington...
...more records were broken last week in the rocketing Alberta oil boom. A public auction of government-owned oil and natural-gas leases totaled $12,881,436, surpassing the previous record for a one-day sale by more than $3,000,000. One of the leases, for a 160-acre plot in the Bonnie Glen field southwest of Edmonton, was sold to the Texaco Exploration Co. for $3,110,000, the highest price ever paid for a single parcel of Alberta oil land...
...investment in Canada has indeed grown fast-from $5 billion to an estimated $7.2 billion since 1945-but the overall Canadian economy has grown faster. While Americans took the risk of financing such spectacular enterprises as the Alberta oil boom, Canadians were investing at an even faster clip in bonds, plant expansions, and other less dramatic developments of. the national economy. Result: the proportion of U.S. ownership is shrinking, not growing. The Canadian economy is freer of foreign control now than at any time in the country's history...
...tapped an immense pool in its Pegasus Field in Texas, is one of the biggest explorers in North Dakota's promising Williston Basin, and has 6,800,000 acres on lease in Canada. It is already producing at its Duhamel field in Alberta, and a month ago brought in the new Roseray well in southern Saskatchewan...